# EDGAR Filing Document

**Accession Number:** 0000801019
**File Stem:** 0001193125-26-166320
**Filing Date:** 2026-4
**Character Count:** 692549
**Document Hash:** 10e8b71f6dbc3161da91e81c76f5149b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-166320.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0001193125-26-166320

**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:** JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT A
- **CENTRAL INDEX KEY:** 0000801019

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

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04834
- **FILM NUMBER:** 26878473

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BLOOR STREET EAST ST 11
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4W 1E5
- **BUSINESS PHONE:** 4169266302

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 600
- **CITY:** BUFFALO
- **STATE:** NY
- **ZIP:** 14201-0600

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANUFACTURERS LIFE INSURANCE CO USA SEPARATE ACCOUNT A
- **DATE OF NAME CHANGE:** 20020412

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT THREE OF THE MANUFACT LIFE INS CO OF AM
- **DATE OF NAME CHANGE:** 19920703
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT A
- **CENTRAL INDEX KEY:** 0000801019

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

**FILING VALUES:**
- **FORM TYPE:** 485BPOS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-85284
- **FILM NUMBER:** 26878472

**BUSINESS ADDRESS:**
- **STREET 1:** 200 BLOOR STREET EAST ST 11
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M4W 1E5
- **BUSINESS PHONE:** 4169266302

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 600
- **CITY:** BUFFALO
- **STATE:** NY
- **ZIP:** 14201-0600

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANUFACTURERS LIFE INSURANCE CO USA SEPARATE ACCOUNT A
- **DATE OF NAME CHANGE:** 20020412

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SEPARATE ACCOUNT THREE OF THE MANUFACT LIFE INS CO OF AM
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT A (Series ID: S000009939)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000027510 | VUL Accumulator                      |  |
| C000027511 | EPVUL                                |  |
| C000027512 | Accumulation Variable Universal Life |  |

As filed with the U.S. Securities and Exchange Commission on April 21, 2026 <br>Registration No. 333-85284

------

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

------

FORM N-6

SEC File No 811-4834

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 <br>POST EFFECTIVE AMENDMENT NO. 29 [X]

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 <br>AMENDMENT NO. 241 [X]

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

(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 Life Insurance Company (U.S.A.) Separate Account A

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

Flexible Premium Variable Life Insurance Policy

VUL ACCUMULATOR

Prospectus dated April 27, 2026

You may choose to allocate your policy 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 policy 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 Life Insurance Company (U.S.A.) Separate Account A ("Separate Account"), and the subaccount invests those amounts exclusively in one of the portfolios.

You may also allocate policy 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 policy value.

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

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

------

**Table of Contents** 

---

| | |
|:---|:---|
| **[important Information you should consider about the policy](#xx_32025728-6664-4ff2-9df7-1be3bf6d6b21_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 |
| **[Overview of the Policy](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| *[Purpose](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| *[Premiums](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| *[Policy Features](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Death benefit.](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Surrender of the policy.](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Withdrawals.](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Investment Credit.](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Policy loans.](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| **[Supplementary benefit riders.](#xx_d5475b76-66cf-441a-9fad-af56da32ff4c_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| **[Fee Table](#xx_2ea9b692-08ba-48ec-8994-ec8fafc3b824_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 |
| **[General Description of the Policy](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Policy Rights](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Owner and beneficiary.](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Allocation of Premiums](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Transfers of Policy Value](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_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_696155c0-811f-45a9-acfe-8a192ed1ec1b_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Frequent transfers among variable investment accounts.](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Limitations on transfers out of the fixed account.](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Potential additional limitations.](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Dollar cost averaging and asset allocation balancer programs.](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| *[General Account](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[The fixed account.](#xx_696155c0-811f-45a9-acfe-8a192ed1ec1b_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Premiums](#xx_c3704b54-8be3-4678-9245-b2ce23647c4a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[Purchase Procedures](#xx_c3704b54-8be3-4678-9245-b2ce23647c4a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[Premium Amount](#xx_c3704b54-8be3-4678-9245-b2ce23647c4a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[Premium Due Dates](#xx_c3704b54-8be3-4678-9245-b2ce23647c4a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[No-lapse Guarantee](#xx_c3704b54-8be3-4678-9245-b2ce23647c4a_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Standard Death Benefits](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| *[Standard Death Benefits](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Effectiveness and Policy Date.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Temporary insurance coverage.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Option 1 and Option 2.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Minimum death benefit.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Calculation and payment of the death benefit.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Changes you may make.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| *[Additional Information About Standard Death Benefits](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Increase in Face Amount.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Changing both the Face Amount and the death benefit option.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Decreases in Face Amount.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Factors that affect the death benefit.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Tax consequences of coverage changes.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Limitations on payment of death benefit.](#xx_77db4531-c7d6-42a5-a22f-b879df1f9b82_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Surrenders and Withdrawals](#xx_fbce73c0-6795-4c26-82cb-5ce5db8b664f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Surrender and Withdrawal](#xx_fbce73c0-6795-4c26-82cb-5ce5db8b664f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| **[Reduction in Face Amount due to a partial withdrawal.](#xx_fbce73c0-6795-4c26-82cb-5ce5db8b664f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |

---

------

---

| | |
|:---|:---|
| **[Loans](#xx_fcda7b09-f188-4189-92bf-c72bda30517d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| *[Availability of Loans, Limitations and Interest](#xx_fcda7b09-f188-4189-92bf-c72bda30517d_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| **[Interest credited to the loan account.](#xx_fcda7b09-f188-4189-92bf-c72bda30517d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| **[Loan account adjustments.](#xx_fcda7b09-f188-4189-92bf-c72bda30517d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| *[Effect of Loans on Cash Value and Death Benefit](#xx_fcda7b09-f188-4189-92bf-c72bda30517d_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[Other Effects of Loans](#xx_fcda7b09-f188-4189-92bf-c72bda30517d_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[Loan Repayments](#xx_fcda7b09-f188-4189-92bf-c72bda30517d_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| **[Other Benefits Available Under the Policy](#xx_444e0f21-2726-4501-91a1-9f8bcb74ba0b_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| *[More About Certain Optional Benefits](#xx_acad8a22-9e76-442d-8755-aade14760397_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| **[Optional Term Rider.](#xx_acad8a22-9e76-442d-8755-aade14760397_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| **[Cash Value Enhancement Riders.](#xx_acad8a22-9e76-442d-8755-aade14760397_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| **[Return of Premium Rider.](#xx_acad8a22-9e76-442d-8755-aade14760397_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| **[Taxes](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| *[General](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| *[Death Benefit Proceeds and Other Policy Distributions](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| *[Policy Loans](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Diversification Rules and Ownership of the Separate Account](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[7-pay Premium Limit and Modified Endowment Contract Status](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| *[Corporate and H.R. 10 Retirement Plans](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Withholding](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Life Insurance Purchases by Residents of Puerto Rico](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Life Insurance Purchases by Non-resident Aliens](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Life Insurance Owned by Citizens or Residents Living Abroad](#xx_e168b92c-1947-4504-a7a1-30bab8b04177_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Principal Risks of Investing in the Policy](#xx_949425bf-30ba-4efd-8391-6bd2dcbfcaaf_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Lapse Risk](#xx_949425bf-30ba-4efd-8391-6bd2dcbfcaaf_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Investment Risk/Risk of Loss](#xx_949425bf-30ba-4efd-8391-6bd2dcbfcaaf_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Transfer Risk](#xx_949425bf-30ba-4efd-8391-6bd2dcbfcaaf_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Early Surrender or Withdrawal Risk/ Not a Short-Term Investment](#xx_949425bf-30ba-4efd-8391-6bd2dcbfcaaf_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Tax Risks](#xx_949425bf-30ba-4efd-8391-6bd2dcbfcaaf_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Cybersecurity Risks](#xx_949425bf-30ba-4efd-8391-6bd2dcbfcaaf_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Additional Information Regarding the Policy](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[Charges](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| **[Deductions from premium payments.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| **[Deductions from policy value.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| **[Surrender charges on a partial withdrawal.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Surrender charge on decrease in Face Amount.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Administration charge.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Face Amount charge.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| **[Cost of insurance charge.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| **[Charges at the portfolio level.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_5)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| *[Additional Information About How Certain Policy Charges Work](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| *[Other Charges We Could Impose in the Future](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| *[Commissions Paid to Dealers](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| *[Lapse and Reinstatement](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| **[Lapse.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_6)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| **[No-lapse Guarantee.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_6)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| **[Reinstatement.](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_7)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 |
| *[Variations](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 |
| *[Policy or Separate Account Changes](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 |
| *[When We Pay Policy Proceeds](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_8)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |

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| | |
|:---|:---|
| **[General Description of Registrant, Depositor and Portfolios](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_9)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |
| *[Depositor](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_9)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |
| *[Registrant](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_9)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |
| *[Portfolios](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_9)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |
| *[Voting Portfolio Shares](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_9)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |
| **[Legal Proceedings](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_10)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 |
| **[Financial Statements](#xx_0dca72dd-039c-4ba0-9465-2a721fc15f6a_10)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 |
| **[Appendix: Portfolios Available Under The Policy](#xx_a44eb821-b49e-49a2-86c3-2c4f429019b1_1)** | &nbsp;&nbsp; Appendix-1 |

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------

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

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| | | | | |
|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| Charges for Early <br> Withdrawals<br>| &nbsp;&nbsp; A surrender charge is assessed during the first 10-15 years following the <br> Policy Date or the effective date of a Face Amount increase and is based <br> upon the Face Amount of the policy. | &nbsp;&nbsp; A surrender charge is assessed during the first 10-15 years following the <br> Policy Date or the effective date of a Face Amount increase and is based <br> upon the Face Amount of the policy. | &nbsp;&nbsp; A surrender charge is assessed during the first 10-15 years following the <br> Policy Date or the effective date of a Face Amount increase and is based <br> upon the Face Amount of the policy. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from policy* <br> *value*<br>|
| Transaction Charges | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> the following transactions:<br>A premium charge will be deducted from each premium paid.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> the following transactions:<br>A premium charge will be deducted from each premium paid.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> the following transactions:<br>A premium charge will be deducted from each premium paid.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from premium* <br> *payments*<br>*Deductions from policy* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; In addition to surrender charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including a cost of insurance <br> charge, asset based risk charges, face amount charges, policy loan cost, <br> administration charges and supplementary benefit rider charges. Some of <br> these fees and expenses are based wholly or in part on the characteristics of <br> the insured persons (e.g., age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to surrender charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including a cost of insurance <br> charge, asset based risk charges, face amount charges, policy loan cost, <br> administration charges and supplementary benefit rider charges. Some of <br> these fees and expenses are based wholly or in part on the characteristics of <br> the insured persons (e.g., age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to surrender charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including a cost of insurance <br> charge, asset based risk charges, face amount charges, policy loan cost, <br> administration charges and supplementary benefit rider charges. Some of <br> these fees and expenses are based wholly or in part on the characteristics of <br> the insured persons (e.g., age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from policy* <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>| 0.44% | 1.22% | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |

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

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

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| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| Insurance Company <br> Risks<br>| &nbsp;&nbsp; Your investment in the policy is subject to risks related to John <br> Hancock USA, including that the obligations (including under the <br> fixed account 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; Unless the no-lapse guarantee is in effect, this policy will go into <br> default if at the beginning of any policy month the policy's net cash <br> surrender value would be zero or below after deducting the monthly <br> deductions then due. The "net cash surrender value" is your policy <br> value, less any policy debt, and less any applicable<br> surrender charges. This can happen as a result of insufficient <br> premium payments, poor performance of the variable or general <br> account options you have chosen, withdrawals, or unpaid loans or <br> loan interest. If a default is not cured within a 61- day grace period, <br> your policy will lapse without value, and no death benefit or other <br> benefits will be payable. You can apply to reinstate a policy that has <br> gone into default, subject to conditions including payment of a <br> specified amount of additional premiums.<br>| &nbsp;&nbsp; *Lapse and* <br> *Reinstatement*<br>|

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

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

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

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

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

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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." The Minimum Initial Premium is a dollar amount that is stated in your policy specifications and that must be paid to us in full before your policy will take effect. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy. After the payment of the initial premium, premiums may be paid at any time and in any amount until the insured person's attained age 100, subject to the need to pay enough premium to keep the policy in force, and to limitations on maximum premium amount.

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

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

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

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

If the net cash surrender value is insufficient to pay the charges when due and the no-lapse guarantee is not in effect, your policy can terminate (i.e. "lapse"). This can happen because you haven't paid enough premium, because the investment performance of the variable investment accounts you've chosen has been poor, or because of a combination of all factors.

**Policy Features** 

**Death benefit.** When the insured person dies, we will pay the "death benefit" minus any policy debt and unpaid fees and charges. There are two ways of calculating the death benefit. You choose which one you want in the application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 1.</u> The death benefit will equal the greater of (1) the Face Amount of the policy at the date of death, or (2) the minimum death benefit. The "Face Amount" is the amount of life insurance coverage as set forth in your policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 2.</u> The death benefit will equal the greater of (1) the Face Amount plus the policy value on the date of death, or (2) the minimum death benefit.

**Surrender of the policy.** You may surrender the policy in full while the insured person is alive. If you do, we will pay you the policy value less any outstanding policy debt and less any applicable surrender charge. This is called your "net cash surrender value."

**Withdrawals.** After the first policy year, you may make a withdrawal of part of your net cash surrender value. Your policy value is automatically reduced by the amount of the withdrawal. A withdrawal may also reduce the Face Amount.

**Investment Credit.** After the tenth policy anniversary, we may credit your policy value annually on the policy anniversary date with an amount equal to the percentage credit listed below multiplied by the value in your investment accounts on this date, provided the investment accounts are not subject to an existing loan. The investment credit percentages are 0.075% for

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policy anniversary years 11- 20 and 0.175% thereafter. Any credit will be added to your investment account according to your most recent allocation instructions. This credit is not guaranteed and we reserve the right to discontinue making such payments at any time.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Optional Term Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cash Value Enhancement Riders

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return of Premium 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 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 policy value between investment options.

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| | | |
|:---|:---|:---|
| **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Maximum premium charge | Upon payment of premium | &nbsp;&nbsp; 7.5% of each premium paid during the first <br> 10 policy years<sup>(1)</sup> <br>8.5% of each premium paid during the first <br> 10 policy years if the Cash Value <br> Enhancement Rider is elected<sup>(2)</sup> <br>3.25% of each premium paid during the <br> first 10 policy years if the Cash Value <br> Enhancement Plus Rider is elected<sup>(3)</sup> <br>|
| Surrender charge<sup>(4)</sup> <br>| Upon withdrawal, surrender or policy lapse | &nbsp;&nbsp; The maximum surrender charge per $1000 <br> of Face Amount is $44.17. A surrender <br> charge is assessed during the first 10-15 <br> years following the Policy Date or the <br> effective date of a Face Amount increase <br> and is based upon the Face Amount of the <br> policy.<br>|
| Transfer fee | &nbsp;&nbsp; Upon each transfer into or out of a variable <br> investment account beyond an annual limit <br> of twelve<br>| &nbsp;&nbsp; $25 (only applies to transfers in excess of <br> 12 in a policy year)<br>|
| Dollar cost averaging | Upon transfer | &nbsp;&nbsp; Guaranteed $5.00<br> Current $0.00<br>|
| Asset allocation balancer | Upon transfer | &nbsp;&nbsp; Guaranteed $15.00<br> Current $0.00<br>|

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*(1) 5% thereafter.* 

*(2) 5.5% thereafter.* 

*(3) 2.25% thereafter* 

&nbsp;&nbsp;&nbsp;&nbsp;*(4) If the policy is issued with a Cash Value Enhancement Rider, the surrender charge calculated as described above is reduced by 90% for a surrender or lapse occurring in the first policy year, 80% in the second policy year, 60% in the third policy year, 40% in the fourth policy year and 20% in the fifth policy year. If the policy is issued with a Cash Value Enhancement Plus Rider, there is no surrender charge.* 

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:** |  |  |
| Cost of Insurance<sup>(1)</sup>: | Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.00 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.01 per $1,000 of NAR (35 year old <br> preferred non-smoking male)<br>|

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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** |
| Asset Based Risk Charge (contracts with <br> no Cash Value Enhancement Rider)<br>| Monthly | &nbsp;&nbsp; Guaranteed 0.03%<br> Current 0%<br>|
| Asset Based Risk Charge (contracts with <br> Cash Value Enhancement Rider)<br>| Monthly | &nbsp;&nbsp; Guaranteed 0.03%<br> Current 0%<br>|
| Asset Based Risk Charge (contracts with <br> Cash Value Enhancement Plus Rider)<br>| Monthly | &nbsp;&nbsp; Guaranteed first 15 policy years 0.11%<br> Guaranteed after 15 policy years 0.05%<br> Current first 15 policy years 0.08%<br> Current after 15 policy years 0.02%<br>|
| Face Amount Charge Death Benefit Option <br> 1<br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.08 per $1000 of Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $1.18 per $1000 of Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.11 per $1000 of Face Amount (35 year <br> old preferred non-smoking male)<br>|
| Face Amount Charge Death Benefit Option <br> 2<br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.04 per $1000 of Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $0.83 per $1000 of Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.11 per $1000 of Face Amount (35 year <br> old preferred non-smoking male)<br>|
| Administration charge<sup>(2)</sup> <br>| Monthly | $40.00 per policy month |
| Loan interest rate (net) | Annually | 1.25%<sup>(3)</sup> <br>|
| **Optional Benefit Charges:** |  |  |
| Optional Term Rider | Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.00 per $1000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.08 per $1000 of NAR (35 year old <br> preferred non-smoking male)<br>|
| Return of Premium Death Benefit Rider | Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.02 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.012 per $1,000 of NAR (35 year old <br> preferred non-smoking male)<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) The cost of insurance varies based on individual characteristics and the charges shown in the table may not be representative of the charge a particular policy owner will pay. Information regarding your individual cost of insurance charges may be found in your policy.* 

*(2) First 5 policy years. $20 per policy month thereafter.* 

*(3) First 10 policy years. 0% in policy years 11 and after on a current basis (0.50% in policy years 11 and after on a guaranteed basis).*

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; 0.44% | &nbsp;&nbsp; 1.22% |

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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;• Change the beneficiary who will receive the death benefit

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

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

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

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

**Allocation of Premiums** 

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

There are restrictions that may limit the variable account investment options and fixed account options that you may choose, as well as limitations on the transfer of policy value among those options.

**Transfers of Policy Value** 

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

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

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**Limitations on transfers to or from a variable investment account.** Our current practice is to restrict transfers into or out of variable investment accounts to two per calendar month (except with respect to those policies described in the following paragraphs). For purposes of this restriction, and in applying the limitation on the number of free transfers, any transfers made during the period from the opening of a business day (usually 9:00 a.m. Eastern time) to the close of that business day (usually 4:00 p.m. Eastern time) are considered one transfer. You may, however, transfer to the Money Market variable investment account even if the two transfers per month limit has been reached, but only if 100% of the account value in all variable investment accounts is transferred to the Money Market variable investment account. If such a transfer to the Money Market variable investment account is made, then for the 30 calendar day period after such transfer no transfers from the Money Market variable investment account to any other variable investment account or any fixed 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 of up to $25 for any transfer beyond an annual limit (which would be 12 or more). No transfer fee will be imposed on any transfer from a variable investment account into any fixed account if the transfer occurs during the following periods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• within 18 months after the policy's Issue Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• within 60 days after the later of the effective date of a material change in the investment objectives of any variable investment account or the date you are notified of the change.

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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 in any one policy year are limited to the greater of (i) the fixed account maximum transfer amount of $2,000, (ii) the fixed account maximum transfer percentage of 15% multiplied by the amount of the fixed account on the immediately preceding policy anniversary, or (iii) the amount transferred out of the fixed account during the previous policy year. Any transfer out of the fixed account may not involve a transfer to the Money Market variable investment account. We reserve the right to impose a minimum amount limit on transfers out of any fixed account. We also reserve the right to impose different restrictions on any additional fixed account that we may offer in the future. We may waive the transfer restrictions on the fixed account.

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

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

**General Account** 

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

Because of exemptive and exclusionary provisions, interests in our fixed account 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.** Policy 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. We currently offer only one fixed account—the standard fixed account. The effective annual rate we declare for the fixed account will never be less than 3%. We reserve the right to offer one or more additional fixed accounts with characteristics that differ from those of the current fixed account, but we are under no obligation to do so. Any

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interest we credit in excess of the guaranteed interest crediting rate will be based on our sole discretion. Additionally, interest credited on a non-guaranteed basis varies over time is rarely the same year-over-year and 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 is available with a minimum Face Amount at issue of $100,000. At the time of issue, the insured person must have an attained age of no more than 90. The insured person must meet certain health and other insurance risk criteria called "underwriting standards."

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

The Minimum Initial Premium is set forth in your policy specifications. Factors that determine the minimum initial premium amount generally include the insured person's age, sex and risk classification including any additional ratings; the Total Face Amount of insurance; choice of Death Benefit Option 1 vs. Option 2; and any selected supplementary benefit rider. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy.

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

**Premium Amount** 

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

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

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

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

**Premium Due Dates** 

Unless the no-lapse guarantee is in effect, a policy will go into default if at the beginning of any policy month the policy's net cash surrender value would be zero or below after deducting the monthly deductions then due. Therefore, a policy could lapse eventually if increases in policy value (prior to deduction of policy charges) are not sufficient to cover policy charges. We will notify you of the default and will allow a 61-day grace period in which you may make a premium payment sufficient to bring the policy out of default. The required payment will be equal to the amount necessary to bring the net cash surrender value to

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zero, if it was less than zero on the date of default, plus the monthly deductions due on the date of default and payable at the beginning of each of the two policy months thereafter, plus any applicable premium charge. If the insured person should die during the grace period, the policy value used in the calculation of the death benefit will be the policy value as of the date of default and the death benefit will be reduced by any outstanding monthly deductions due at the time of death. If the required payment is not received by the end of the grace period, the policy will terminate (i.e., "lapse") with no value.

**No-lapse Guarantee** 

In those states where it is permitted, as long as the cumulative premium test is satisfied during the no-lapse guarantee Period, and the policy value is greater than the policy debt, we will guarantee that the policy will not go into default, even if adverse investment experience or other factors should cause the policy's surrender value to fall to zero or below during such period.

The No-Lapse Guarantee Premium is not a charge assessed against the policy value; it is an amount used in determining whether the cumulative premium test has been satisfied. The No-Lapse Guarantee Premium is set at issue on the basis of the Face Amount and reflects the age, sex and risk classification of the proposed insured as well as any additional rating and supplementary benefits, if applicable. It is subject to change if (i) the Face Amount of the policy is changed, (ii) there is a decrease in the Face Amount of insurance, or (iii) there is any change in the supplementary benefits added to the policy or in the risk classification of the insured person.

The No-Lapse Guarantee Period is set at issue and is stated in the policy. While the no-lapse guarantee is in effect, we will determine at the beginning of the policy month that your policy would otherwise be in default whether the cumulative premium test has been met. The cumulative premium test is satisfied if, as of the beginning of the policy month that your policy would otherwise be in default, the sum of all premiums paid to date less any withdrawals taken on or before the date of the test and less any policy debt is equal to or exceeds the sum of the monthly No-Lapse Guarantee Premium due from the Policy Date to the date of the test. If the test has not been satisfied, we will notify you of that fact and allow a 61-day grace period in which you may make a premium payment sufficient to keep the policy from terminating. This required payment, as described in the notification, will be equal to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the greater of the outstanding premium requirement to satisfy the cumulative premium test at the date of default and the amount necessary to bring the policy value (net of any loans) to zero, plus the monthly No-Lapse Guarantee Premium due for the next three policy months, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the amount necessary to bring the net cash surrender value to zero plus the monthly deductions due on the date of default, plus the next two monthly deductions plus the applicable premium charge.

If the required payment is not received by the end of the grace period, the no-lapse guarantee and the policy will terminate.

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**Standard Death Benefits** 

**Standard Death Benefits** 

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

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

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

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

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

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

**Option 1 and Option 2.** When the insured person dies, we will pay the death benefit minus any outstanding policy debt and unpaid fees and charges. There are two ways of calculating the death benefit. You must choose which one you want in the application. The two death benefit options are described below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 1.</u> The death benefit will equal the greater of (1) the Face Amount of the policy at the date of death, or (2) the minimum death benefit (as described below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 2.</u> The death benefit will equal the greater of (1) the Face Amount plus the policy value on the date of death, or (2) the minimum death benefit.

For the same premium payments, the death benefit under Option 2 will tend to be higher than the death benefit under Option 1. On the other hand, the cost of insurance charges (based on the higher NAR) will be higher under Option 2 to compensate us for the additional insurance risk. Because of that, the policy value will tend to be higher under Option 1 than under Option 2 for the same premium payments.

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

**Minimum death benefit.** In order for a policy to qualify as life insurance under Federal tax law, there has to be a minimum amount of insurance in relation to policy value. There are two tests that can be applied under Federal tax law—the "guideline premium test" and the "cash value accumulation test." You must elect at issue which test you wish to have applied. Once elected, the test cannot be changed without our approval.

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Under the guideline premium test, we compute the minimum death benefit each business day by multiplying the policy value on that date by the death benefit factor applicable on that date. A table showing the factor for each age will appear in the policy, and the following table shows those factors for selected ages:

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| | |
|:---|:---|
| **Attained Age** | **Applicable Factor** |
| 40 and under | &nbsp;&nbsp; 250% |
| 45 | &nbsp;&nbsp; 215% |
| 50 | &nbsp;&nbsp; 185% |
| 55 | &nbsp;&nbsp; 150% |
| 60 | &nbsp;&nbsp; 130% |
| 65 | &nbsp;&nbsp; 120% |
| 70 | &nbsp;&nbsp; 115% |
| 75 | &nbsp;&nbsp; 105% |
| 90 | &nbsp;&nbsp; 105% |
| 95 and above | &nbsp;&nbsp; 100% |

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If you elect the CVA Test, on any date the sum of the death benefit as described above, plus the benefit payable under any Optional Term Rider on the Life Insured, will always be equal to the amount required on such date to produce a policy value that does not exceed the Net Single Premium required to fund future benefits under the policy.

The cash value accumulation test may be preferable if you want to fund the policy so that the minimum death benefit will increase earlier than would be required under the guideline premium test, or if you want to fund the policy at the "7 pay" limit for the full seven years.

To the extent that the calculation of the minimum death benefit under the selected life insurance qualification test causes the death benefit to exceed our limits, we reserve the right to return premiums or distribute a portion of the policy value so that the resulting amount of insurance is maintained within our limits. Alternatively, if we should decide to accept the additional amount of insurance, we may require additional evidence of insurability.

**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.

**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** 

Subject to the limitations stated in this prospectus, you may, upon written request, increase or decrease the Face Amount of the policy. We reserve the right to limit a change in Face Amount so as to prevent the policy from failing to qualify as life insurance for tax purposes.

**Increase in Face Amount.** You may increase the Face Amount once each policy year after the first policy year. Any increase in Face Amount must be at least $50,000 or such other minimum Face Amount increase as we may establish on 90 days written notice to you. An increase will become effective at the beginning of the policy month following the date we approve the

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requested increase. Increases in Face Amount are subject to satisfactory evidence of insurability. We reserve the right to refuse a requested increase if the Life Insured's Attained Age at the effective date of the increase would be greater than the maximum issue age for new policies at that time.

*New Surrender Charges for an Increase*. An increase in Face Amount will usually result in the policy being subject to new surrender charges. The new surrender charges will be computed as if a new policy were being purchased for the increase in Face Amount. Surrender charges will not apply to premiums attributable to the new Face Amount that are in excess of the Surrender Charge Premium Limit. There will be no new surrender charges associated with restoration of a prior decrease in Face Amount. As with the purchase of a policy, a policy owner will have a Right to Examine period with respect to any increase resulting in new surrender charges.

An additional premium may be required for a Face Amount increase, and a new No-Lapse Guarantee Premium will be determined, if the No-Lapse Guarantee is in effect at the time of the Face Amount increase.

Increase with Prior Decrease. If at the time of the increase there have been prior decreases in Face Amount, these prior decreases will be restored first. The insurance coverage eliminated by the decrease of the oldest Face Amount will be deemed to be restored first.

**Changing both the Face Amount and the death benefit option.** If you request to change both the Face Amount and the death benefit option in the same month, the death benefit option change shall be deemed to occur first.

**Decreases in Face Amount.** Decreases in Face Amount may be made once each policy year after the first policy year. Any decrease in Face Amount must be at least $50,000 or such other minimum Face Amount decrease as we may establish on 90 days written notice to you. A written request from a policy owner for a decrease in the Face Amount will be effective at the beginning of the policy month following the date we approve the requested decrease. If there have been previous increases in Face Amount, the decrease will be applied to the most recent increase first and then to the next most recent increases successively. Decreases in Face Amount shall not be permitted to the extent that they would cause the policy to fall below the minimum Face Amount of $100,000. For information on surrender charges on a decrease in Face Amount, see "Charges and Deductions—Surrender Charges."

**Factors that affect the death benefit.** In the case of death benefit Option 2 where the death benefit is the Face Amount plus the policy value, changes in the policy value will affect the amount of death benefit. Factors that affect the policy value are the investment performance of the variable investment options chosen by you and the charges deducted. For a discussion of how these factors affect policy value see the "Summary of Benefits and Risks." These factors do not affect the Face Amount of the policy. Therefore, the amount of death benefit under Option 1 will not be less than the Face Amount as long as the policy does not lapse.

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

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

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

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**Surrenders and Withdrawals** 

**Surrender and Withdrawal** 

A policy may be surrendered for its Net Cash Surrender Value at any time while the Life Insured is living. The Net Cash Surrender Value is equal to the policy value less any surrender charges and outstanding monthly deductions due (the "Cash Surrender Value") minus the Policy Debt. If there have been any prior Face Amount increases, the surrender charge will be the sum of the surrender charge for the initial Face Amount plus the surrender charge for each increase. The Net Cash Surrender Value will be determined as of the end of the Business Day on which we receive the policy and your written request for surrender at our Service Office. After a policy is surrendered, the insurance coverage and all other benefits under the policy will terminate.

You may make a partial withdrawal of the Net Cash Surrender Value once each policy month after the first policy anniversary. You may specify the portion of the withdrawal to be taken from each investment account and the fixed account. In the absence of instructions, the withdrawal will be allocated among such accounts in the same proportion as the policy value in each account bears to the net policy value. For information on surrender charges on a partial withdrawal, see "Charges and Deductions—Surrender Charges."

Withdrawals will be limited if they would otherwise cause the Face Amount to fall below $100,000.

**Reduction in Face Amount due to a partial withdrawal.** 

If death benefit Option 1 is in effect when a partial withdrawal is made and the death benefit equals the Face Amount, the Face Amount of the policy will be reduced by the amount of the withdrawal plus any applicable surrender charge. Otherwise, if the death benefit is the Minimum Death Benefit as described under "Death Benefit—Minimum Death Benefit," the Face Amount will be reduced by the amount, if any, by which the withdrawal plus the pro-rata surrender charge exceeds the difference between the death benefit and the Face Amount.

If death benefit Option 2 is in effect, partial withdrawals do not affect the Face Amount of a policy.

When the Face Amount of a policy is based on one or more increases subsequent to issuance of the policy, a reduction resulting from a partial withdrawal will be applied in the same manner as a requested decrease in Face Amount, i.e., against the Face Amount provided by the most recent increase, then against the next most recent increases successively and finally against the initial Face Amount.

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**Loans** 

**Availability of Loans, Limitations and Interest** 

While a policy is in force and has an available loan value, a policy owner may borrow against the policy value in an amount not to exceed the maximum loanable amount. The policy serves as the only security for the loan. Policy loans may have tax consequences. See "Taxes—Policy Loans."

A policy loan will have an effect on future policy values, since that portion of the policy value in the loan account will increase in value at the crediting interest rate rather than varying with the performance of the underlying portfolios or increasing in value at the rate of interest credited for amounts allocated to the fixed account. A policy loan may cause a policy to be more susceptible to going into default since a policy loan will be reflected in the Net Cash Surrender Value. See "Lapse and Reinstatement." In addition, a policy loan may result in a policy's failing to satisfy the No- Lapse Guarantee Cumulative Premium Test since the Policy Debt is subtracted from the sum of the premiums paid in determining whether this test is satisfied. Finally, a policy loan will affect the amount payable on the death of the Life Insured, since the death benefit is reduced by the Policy Debt at the date of death in arriving at the insurance benefit.

Interest on the Policy Debt will accrue daily and be payable annually on the policy anniversary. During the first 10 policy years, the rate of interest charged will be an effective annual rate of 5.25%. Thereafter, the rate of interest charged will be an effective annual rate of 4%. The actual rate charged is equal to the Loan Interest Credited Differential, which is currently 1.25% during the first ten policy years and 0% thereafter, and is guaranteed not to exceed 1.25% during the first ten policy years and 0.5% thereafter. We may change the Loan Interest Credited Differential as of 90 days after sending you written notice of such change.

For a policy that is not a modified endowment contract ("MEC"), the tax consequences associated with a Loan Interest Credited Differential of 0% are unclear. You should consult a tax advisor before effecting a loan to evaluate the tax consequences that may arise in such a situation. If we determine, in our sole discretion, that there is a substantial risk that a loan will be treated as a taxable distribution under federal tax law as a result of the differential between the credited interest rate and the loan interest rate, we retain the right to increase the loan interest rate to an amount that would result in the transaction being treated as a loan under federal tax law.

If the interest due on a policy anniversary is not paid, the interest will be borrowed against the policy and added to the Policy Debt. Interest on the Policy Debt will continue to accrue daily if there is an outstanding loan when monthly deductions and premium payments cease at the Life Insured's Attained Age 100. The policy will go into default at any time the Policy Debt exceeds the policy value. At least 61 days prior to termination, we will send you a notice of the pending termination. Payment of interest on the Policy Debt during the 61 day grace period will bring the policy out of default.

When a loan is made, an amount equal to the loan principal, plus interest to the next policy anniversary, will be deducted from the investment accounts or the fixed account and transferred to the loan account. Amounts transferred into the loan account cover the loan principal plus loan interest due to the next policy anniversary. You may designate how the amount to be transferred to the loan account is allocated among the accounts from which the transfer is to be made. In the absence of instructions, the amount to be transferred will be allocated to each account in the same proportion as the value in each investment account and the fixed account bears to the net policy value. A transfer from an investment account will result in the cancellation of units of the underlying sub- account equal in value to the amount transferred from the investment account. However, since the loan account is part of the policy value, transfers made in connection with a loan will not change the policy value.

**Interest credited to the loan account.** Interest is currently credited to amounts in the loan account at an effective annual rate of 4%. This rate is guaranteed not to be less than 3.5%.

**Loan account adjustments.** On each policy anniversary the difference between the loan account and the Policy Debt is transferred to the loan account from the investment accounts or the fixed account. Amounts transferred to the loan account will be taken from the investment accounts and the fixed account in the same proportion as the value in each investment account and the fixed account bears to the net policy value.

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

Amounts in the loan account do not participate in the investment experience of the variable investment accounts or the fixed account, and therefore loans can affect the policy value and death benefit whether or not the loan is repaid. The policy value, the net cash surrender value, and any death benefit are permanently affected by any loan, whether or not it is repaid in whole or in part. This is because the variable investment accounts or any fixed account and the special loan account will generally have different rates of investment return.

**Other Effects of Loans** 

Taking a loan on the policy increases the risk that the policy may lapse because of the difference between the interest rate charged on the loan and the interest rate credited to the special loan account. When a loan is outstanding, the amount in the loan account is not available to help pay for any policy charges. If, after deducting your policy loan, there is not enough net cash surrender value to cover the policy charges, your policy could lapse.

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

**Loan Repayments** 

You may repay the Policy Debt in whole or in part at any time prior to the death of the Life Insured, provided that the policy is in force. When a repayment is made, the amount is credited to the loan account and transferred to the fixed account or the investment accounts. We will allocate loan repayments first to the fixed account until the amount of the loan account associated with the fixed account is reduced to zero and then to each investment account in the same proportion as the value in the loan account associated with that investment account bears to the value of the loan account.

Amounts paid to us not specifically designated in writing as loan repayments will be treated as premiums. Where permitted by applicable state law, when a portion of the loan account amount is allocated to the fixed account, we may require that any amounts paid to it be applied to outstanding loan balances.

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**Other Benefits Available Under the Policy** 

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

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| | | |
|:---|:---|:---|
| **STANDARD BENEFITS** | **STANDARD BENEFITS** | **STANDARD BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Dollar cost averaging | &nbsp;&nbsp; Under the dollar cost averaging program, you will <br> designate an amount that will be transferred <br> monthly from one variable investment account into <br> any other variable investment account or a fixed <br> 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 policy <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>|
| Optional Term Rider | &nbsp;&nbsp; Provides an additional insurance amount which is <br> level term life insurance. The benefit of the Term <br> Insurance Rider is that the cost of insurance will <br> always be less than or equal to the cost of insurance <br> under the policy.<br>| &nbsp;&nbsp; Unlike the death benefit under the policy, the death <br> benefit under the Term Insurance Rider is not <br> protected by the no-lapse guarantee after the second <br> policy year and terminates at age 100.<br>|
| Cash Value Enhancement <br> Rider<br>| &nbsp;&nbsp; The Cash Surrender Value of a policy is enhanced <br> during the period for which surrender charges are <br> applicable by reducing the surrender charge that <br> would otherwise have applied upon policy <br> surrender or lapse. Under the Cash Value <br> Enhancement Plus Rider, there will be no surrender <br> charge. The decision to add one of these two riders <br> must be made at issuance of the policy and, once <br> made, is irrevocable. Adding either of these riders <br> may result in different premium and asset-based <br> risk charges under the policy.<br>| &nbsp;&nbsp; The Cash Value Enhancement Rider does not apply <br> to reduce surrender charges payable upon decreases <br> in Face Amount or partial withdrawals. The <br> decision to add this rider must be made at issuance <br> of the policy and, once made, is irrevocable. Adding <br> this rider may result in different premium and asset-<br> based risk charges under the policy.<br>|
| Cash Value Enhancement <br> Plus Rider<br>| &nbsp;&nbsp; Under the Cash Value Enhancement Plus Rider, <br> there will be no surrender charge.<br>| &nbsp;&nbsp; The decision to add this rider must be made at <br> issuance of the policy and, once made, is <br> irrevocable. Adding this rider may result in <br> different premium and asset-based risk charges <br> under the policy.<br>|
| Return of Premium Rider | &nbsp;&nbsp; Provides an additional death benefit payable upon <br> the death of the insured person. The Return of <br> Premium death benefit is equal to the initial <br> premium. Any subsequent premiums will increase <br> the Return of Premium death benefit at the time of <br> the premium payment by the amount of the <br> premium.<br>| &nbsp;&nbsp; This benefit is available to you only if you elect <br> death benefit Option 1. Any partial withdrawal will <br> reduce the Return of Premium death benefit at the <br> time of withdrawal by an amount equal to the <br> withdrawal plus any applicable surrender charge <br> (except that the rider death benefit will not be <br> reduced to less than zero). The Return of Premium <br> Rider death benefit is not protected by the no-lapse <br> guarantee after the second policy year.<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 a ny of the following optional supplementary benefit riders by contacting the Service Office at 1-800-732-5543. Charges for most riders will be deducted from the policy value. We may change these charges (or the rates that determine them), but not above any applicable maximum amount stated in your policy specifications. We may add to, delete from or modify the list of optional supplementary benefit riders.

**Optional Term Rider.** The policy may be issued with an optional Term Insurance Rider which provides an additional insurance amount which is level term life insurance. The benefit of the Term Insurance Rider is that the cost of insurance will always be less than or equal to the cost of insurance under the policy. However, unlike the death benefit under the policy, the death benefit under the Term Insurance Rider is not protected by the no-lapse guarantee after the second policy year and terminates at age 100.

**Cash Value Enhancement Riders.** The policy may be issued with one of two optional cash value enhancement riders. The benefit of these riders is that the Cash Surrender Value of a policy is enhanced during the period for which surrender charges are applicable. Under the Cash Value Enhancement Rider, the enhancement is provided by reducing the surrender charge that would otherwise have applied upon policy surrender or lapse. The Cash Value Enhancement Rider does not apply to reduce surrender charges payable upon decreases in Face Amount or partial withdrawals. Under the Cash Value Enhancement Plus Rider, there will be no surrender charge. The decision to add one of these two riders must be made at issuance of the policy and, once made, is irrevocable. Adding either of these riders may result in different premium and asset-based risk charges under the policy.

**Return of Premium Rider.** If death benefit Option 1 is elected, the policy may be issued with an optional Return of Premium Rider. This rider provides an additional death benefit payable upon the death of the Life Insured after the Company receives due proof of death. The Return of Premium death benefit is equal to the initial premium. Any subsequent premiums will increase the Return of Premium death benefit at the time of the premium payment by the amount of the premium. Any partial withdrawal will reduce the Return of Premium death benefit at the time of withdrawal by an amount equal to the withdrawal plus any applicable surrender charge (except that the rider death benefit will not be reduced to less than zero). The Return of Premium Rider death benefit is not protected by the no-lapse guarantee after the second policy year.

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**Taxes** 

This description of Federal income tax consequences is only a brief summary and is neither exhaustive nor authoritative. It was written to support the promotion of our products. It does not constitute legal or tax advice, and it is not intended to be used and cannot be used to avoid any penalties that may be imposed on you. Tax consequences will vary based on your own particular circumstances, and for further information you should consult a qualified tax adviser. 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.

**General** 

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.

**Death Benefit Proceeds and Other Policy Distributions** 

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 policy value are ordinarily not subject to income tax as long as we don't pay them out to you. If we do pay out any amount of your policy value upon surrender or partial withdrawal, all or part of that distribution would generally be treated as a return of the premiums you've paid and not subjected to income tax. Any portion not treated as a return of your premiums would be includible in your income.

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

Please note that certain distributions associated with a reduction in death benefit or other policy benefits within the first fifteen years after issuance of the policy are ordinarily taxable in whole or in part. Amounts you borrow are generally not taxable to you.

However, 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. (See "7-pay Premium Limit and Modified Endowment Contract Status" below.)

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 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. These tests

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limit the amount of premium that you may pay into the policy. We will monitor compliance with these standards. If we determine that a policy does not satisfy section 7702, we may take whatever steps are appropriate and reasonable to bring it into compliance with section 7702.

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 Internal Revenue Code. (As noted above, a transfer of the policy for valuable consideration may limit the exclusion of death benefits from the beneficiary's income.)

Increases in policy 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, death benefit option changes, and distributions 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 7702. 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). It is possible that, despite our monitoring, a policy might fail to qualify as a life insurance contract under the Internal Revenue 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 Internal Revenue 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.

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.

Because there may be unfavorable tax consequences (including recognition of taxable income and the loss of income tax-free treatment for any death benefit payable to the beneficiary), you should consult a qualified tax adviser prior to changing the policy's ownership or making any assignment of ownership interests.

**Policy Loans** 

We expect that, except as noted below (see "7-pay Premium Limit and Modified Endowment Contract Status"), loans received under the policy will be treated as indebtedness of an owner and that no part of any loan will constitute income to the owner. However, if the policy terminates for any reason other than the payment of the death benefit, an amount equal to any outstanding loan that was not previously considered income will be treated as if it had been distributed to the owner upon such termination. This could result in a considerable tax bill. Under certain circumstances involving large amounts of outstanding loans, you might find yourself having to choose between high premiums required to keep your policy from lapsing and a significant tax burden if you allow the lapse to occur.

**Diversification Rules and Ownership of the Separate Account** 

Your policy will not qualify for the tax benefits of a life insurance contract unless the Separate Account follows certain rules requiring diversification of investments underlying the policy. In addition, the rules require that the policy owner not have "investor control" over the underlying assets.

In certain circumstances, the owner of a variable life insurance policy may be considered the owner, for Federal income tax purposes, of the assets of the Separate Account used to support the policy. In those circumstances, income and gains from the Separate Account assets would be includible in the policy owner's gross income. The Internal Revenue Service ("IRS") has stated in published rulings that a variable policy owner will be considered the owner of Separate Account assets if the policy

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owner possesses incidents of ownership in those assets, such as the ability to exercise investment control over the assets. A Treasury Decision issued in 1986 (T.D. 8101) stated that guidance would be issued in the form of regulations or rulings on "the extent to which policyholders may direct their investments to particular sub-accounts of a Separate Account without being treated as owners of the underlying assets." As of the date of this prospectus, no comprehensive guidance on this point has been issued. In Rev. Rul. 2003-91, however, the IRS ruled that a contract holder would not be treated as the owner of assets underlying a variable life insurance or annuity contract despite the owner's ability to allocate funds among as many as twenty subaccounts.

The ownership rights under your policy are similar to, but different in certain respects from, those described in IRS rulings in which it was determined that policyholders were not owners of Separate Account assets. Since you have greater flexibility in allocating premiums and policy values than was the case in those rulings, it is possible that you would be treated as the owner of your policy's proportionate share of the assets of the Separate Account.

We do not know what future Treasury Department regulations or other guidance may require. We cannot guarantee that the funds will be able to operate as currently described in the series funds' prospectuses, or that a series fund will not have to change any fund's investment objectives or policies. We have reserved the right to modify your policy if we believe doing so will prevent you from being considered the owner of your policy's proportionate share of the assets of the Separate Account, but we are under no obligation to do so.

**7-pay Premium Limit and Modified Endowment Contract Status** 

At the time of policy issuance, we will determine whether the Planned Premium schedule will exceed the 7-pay limit discussed below. If so, our standard procedures prohibit issuance of the policy unless you sign a form acknowledging that fact.

The 7-pay limit at any time during the first seven contract years is the total of net level premiums that would have been payable at or before that time under a comparable fixed policy that would be fully "paid-up" after the payment of seven equal annual premiums. "Paid-up" means that no further premiums would be required to continue the coverage in force until maturity, based on certain prescribed assumptions. If the total premiums paid at any time during the first seven policy years exceed the 7-pay limit, the policy will be treated as a modified endowment contract, which can have adverse tax consequences.

Policies classified as modified endowment contracts are subject to the following tax rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First, all withdrawals from such a policy are treated as ordinary income subject to tax up to the amount equal to the excess (if any) of the policy value immediately before the withdrawal over the investment in the policy at such time. If you own any other modified endowment contracts issued to you in the same calendar year by the same insurance company or its affiliates, their values will be combined with the value of the policy from which you take the withdrawal for purposes of determining how much of the withdrawal is taxable as ordinary income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Second, loans taken from or secured by such a policy and assignments or pledges of any part of its value are treated as partial withdrawals from the policy and taxed accordingly. Past-due loan interest that is added to the loan amount is treated as an additional loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Third, a 10% additional penalty tax is imposed on the portion of any distribution (including distributions on surrender) from, or loan taken from or secured by, such a policy that is included in income except where the distribution or loan:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is made on or after the date on which the policy owner attains age 59½ or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is attributable to the policy owner becoming disabled.

These exceptions to the 10% additional tax do not apply in situations where the policy is not owned by an individual.

Furthermore, any time there is a "material change" in a policy, the policy will begin a new 7-pay testing period as if it were a newly- issued policy. The material change rules for determining whether a policy is a modified endowment contract are complex. In general, however, the determination of whether a policy will be a modified endowment contract after a material change depends upon the relationship among the death benefit of the policy at the time of such change, the policy value at the time of the change, and the additional premiums paid into the policy during the seven years starting with the date on which the material change occurs.

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Moreover, under a policy insuring a single life, if there is a reduction in benefits (such as a reduction in the death benefit or the reduction or cancellation of certain rider benefits) during a 7-pay testing period, the 7-pay limit will generally be recalculated based on the reduced benefits and the policy will be re-tested from the beginning of the 7-pay testing period using the lower limit. If the premiums paid to date at any point during the 7-pay testing period are greater than the recalculated 7-pay limit, the policy will become a modified endowment contract. If your policy is a survivorship policy, a reduction in benefits under the policy at any time will require re-testing. For such a policy the 7-pay limit will generally be recalculated based on the reduced benefits and the policy will be re-tested, using the lower limit, from the date it was issued. You should consult your tax adviser if you have questions regarding the possible impact of the 7-pay limit on your policy.

If your policy is issued as a result of an exchange subject to section 1035 of the Internal Revenue Code, it may be considered to be a modified endowment contract if the death benefit under the new policy is smaller than the death benefit under the exchanged policy, or if you reduce coverage in your new policy after it is issued. Therefore, if you desire to reduce the face amount as part of a 1035 exchange, a qualified tax adviser should be consulted for advice. A new policy issued in exchange for a modified endowment contract will also be a modified endowment contract regardless of any change in the death benefit.

All modified endowment contracts issued by the same insurer (or its affiliates) to the same owner during any calendar year generally are required to be treated as one contract for the purpose of applying the rules on taxation of withdrawals from modified endowment contracts. You should consult your tax adviser if you have questions regarding the possible impact of the 7-pay limit on your policy.

**Corporate and H.R. 10 Retirement Plans** 

The policy may be acquired in connection with the funding of retirement plans satisfying the qualification requirements of section 401 of the Internal Revenue Code. If so, the Internal Revenue Code provisions relating to such plans and life insurance benefits thereunder should be carefully scrutinized. We are not responsible for compliance with the terms of any such plan or with the requirements of applicable provisions of the Internal Revenue Code.

**Withholding** 

To the extent that policy distributions to you are taxable, they are generally subject to withholding for your Federal income tax liability. However if you reside in the United States, you can generally choose not to have tax withheld from distributions. Electing to have no withholding will not reduce your tax liability and may expose you to penalties under the rules governing payment of estimated taxes.

**Life Insurance Purchases by Residents of Puerto Rico** 

In Rev. Rul. 2004-75, 2004-31 I.R.B. 109, the Internal Revenue Service ruled that income received by residents of Puerto Rico under a life insurance policy issued by a United States company is U.S.-source income that is subject to United States Federal income tax.

**Life Insurance Purchases by Non-resident Aliens** 

If you are not a U.S. citizen, U.S. resident alien or other U.S. person, you will generally be subject to U.S. Federal withholding tax on taxable distributions from life insurance policies at a 30% rate, unless a lower treaty rate applies. In addition, you may be subject to state and/or municipal taxes and taxes imposed by your country of citizenship or residence. You should consult with a qualified tax adviser before purchasing a policy.

**Life Insurance Owned by Citizens or Residents Living Abroad** 

If you are a U.S. citizen or permanent resident living outside the United States, you are still subject to income taxation by the United States. Since many countries tax on the basis of domicile, you may also be subject to tax in the country or territory in which you are living. The tax-deferred accumulation of gain that a life insurance policy provides under United States tax law may not be available under the tax laws of the country in which you are living. If you are living outside the United States or planning to do so, you should consult with a qualified tax adviser before purchasing or retaining ownership of a policy. If your policy is issued as a result of an exchange of a policy owned or issued outside the United States, the country or territory in

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which you reside may still tax you on the surrender of the policy replaced through the exchange. You should consult with a qualified tax adviser before exchanging your policy issued outside of the United States for one issued within the United States.

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**Principal Risks of Investing in the Policy** 

**Lapse Risk** 

If the net cash surrender value is insufficient to pay the charges when due and the no-lapse guarantee is not in effect, your policy can terminate (i.e., "lapse"). For example, this can happen because you haven't paid enough premium, because the performance of the variable investment or general account options you've chosen has been poor or because of a combination of all factors. Since withdrawals and policy charges reduce your policy value, these also increase the risk of lapse. Policy loans also increase the risk of lapse. There is no guarantee that your policy will not lapse even if you pay your planned premium.

**Investment Risk/Risk of Loss** 

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

An investment in a policy is also subject to risks related to John Hancock USA, including that the obligations (including under the fixed account), guarantees, or benefits are subject to the claims-paying ability of John Hancock USA. Information about John Hancock USA, including its financial strength ratings, is available upon request from your John Hancock USA representative. Our current financial strength ratings can also be obtained by contacting the Service Office at 1-800-732-5543.

**Transfer Risk** 

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

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

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

This policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. There are surrender charges assessed if you surrender your policy in the first fifteen policy years. Depending on the policy value at the time you are considering surrender, there may be little or no surrender value payable to you.

**Tax Risks** 

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

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

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

**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 policy 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 charge.</u>** During the first 10 policy years, we deduct a premium charge from each premium payment equal to 7.5% of the premium. Thereafter, the premium charge is equal to 5% of the premium. The premium charge is paid to us and is designed to cover a portion of our acquisition and sales expenses and premium and federal DAC taxes. Premium taxes vary from state to state, ranging from 0% to 3.5%.

**Deductions from policy value.** 

**<u>Surrender charges.</u>** We will deduct a surrender charge if, during the first 15 years (or during the shorter periods noted below) following the Policy Date or the effective date of a Face Amount increase:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the policy is surrendered for its Net Cash Surrender Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a partial withdrawal is made,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Face Amount is decreased in excess of the Surrender Charge Decrease Exemption, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the policy lapses.

Unless otherwise allowed by us and specified by you, the surrender charge is deducted from the amount to be paid to the policy owner upon surrender or lapse of the policy or if a partial withdrawal is made.

The surrender charge, together with a portion of the premium charge, is paid to us and is designed to compensate us for some of the expenses we incur in selling and distributing the policies, including agents' commissions, advertising, agent training and the printing of prospectuses and sales literature. The surrender charge is calculated separately for the initial Face Amount and each Face Amount increase.

The Surrender Charge Period varies based on the age of the Life Insured on the date of issuance of the policy or the date of any Face Amount increase (as applicable) as follows:

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| | |
|:---|:---|
| **Age** | **Surrender Charge Period** |
| 0-50 | &nbsp;&nbsp; 15 Years |
| 51 | &nbsp;&nbsp; 14 Years |
| 52 | &nbsp;&nbsp; 13 Years |
| 53 | &nbsp;&nbsp; 12 Years |
| 54 | &nbsp;&nbsp; 11 Years |
| 55+ | &nbsp;&nbsp; 10 Years |

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The surrender charge is the sum of (i) plus (ii), multiplied by (iii), multiplied by the applicable Grading Percentage, where:

(i) is the rate per $1000 of initial Face Amount (or Face Amount increase);

&nbsp;&nbsp;&nbsp;&nbsp;(ii) is 120% of the lesser of (a) the premiums paid in the first policy year per $1000 of initial Face Amount (or the premiums attributable to each $1000 of Face Amount increase in the first year following the increase) or (b) the Surrender Charge Premium Limit set out in the policy for the initial Face Amount (or furnished by the Company with respect to a Face Amount increase); and

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

(iii) is the initial Face Amount (or the Face Amount increase) divided by 1000.

The rate per $1000 of initial Face Amount is based on the Life Insured's Age at issuance of the policy and the death benefit option in effect. The rate per $1000 of Face Amount increase is based on the Life Insured's Attained Age and the death benefit option in effect at the time of an increase. The rates per $1000 are set forth in the following table.

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| | | |
|:---|:---|:---|
| **Table of Guaranteed Surrender Charge Rates Per $1000 of**<br> **Face Amount or Face Amount Increase**<br> **Age at Issuance or Attained Age at Increase**<br>| **Death Benefit**<br> **Option 2**<br>| **Death Benefit**<br> **Option 2**<br>|
| 25 or less | &nbsp;&nbsp; $7.54 | &nbsp;&nbsp; $6.50 |
| 26 – 35 | &nbsp;&nbsp; $6.61 | &nbsp;&nbsp; $5.78 |
| 36 – 45 | &nbsp;&nbsp; $6.09 | &nbsp;&nbsp; $4.85 |
| 46 – 55 | &nbsp;&nbsp; $4.13 | &nbsp;&nbsp; $4.65 |
| 56 – 65 | &nbsp;&nbsp; $2.99 | &nbsp;&nbsp; $1.96 |
| 66+ | &nbsp;&nbsp; $2.48 | &nbsp;&nbsp; $1.96 |

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The Grading Percentage varies with the policy month in which the transaction causing the assessment of the surrender charge occurs. As indicated in the following table, the Grading Percentage starts at 100% for the first policy month and grades down evenly each policy month reaching zero at the end of a maximum of 15 years.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Grading Percentages During The Surrender Charge Period (Applicable to the Initial Face Amount and Subsequent Increases) The Grading** <br> **Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period (Applicable to the Initial Face Amount and Subsequent Increases) The Grading** <br> **Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period (Applicable to the Initial Face Amount and Subsequent Increases) The Grading** <br> **Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period (Applicable to the Initial Face Amount and Subsequent Increases) The Grading** <br> **Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period (Applicable to the Initial Face Amount and Subsequent Increases) The Grading** <br> **Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period (Applicable to the Initial Face Amount and Subsequent Increases) The Grading** <br> **Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period (Applicable to the Initial Face Amount and Subsequent Increases) The Grading** <br> **Percentages Will Not Exceed The Following:** |
| **Surrender Charge Period\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** |
| **Surrender Charge Period\*** | **0-50** | **51** | **52** | **53** | **54** | **55+** |
| 1 | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% |
| 2 | &nbsp;&nbsp; 93% | &nbsp;&nbsp; 93% | &nbsp;&nbsp; 92% | &nbsp;&nbsp; 92% | &nbsp;&nbsp; 91% | &nbsp;&nbsp; 90% |
| 3 | &nbsp;&nbsp; 87% | &nbsp;&nbsp; 86% | &nbsp;&nbsp; 85% | &nbsp;&nbsp; 83% | &nbsp;&nbsp; 82% | &nbsp;&nbsp; 80% |
| 4 | &nbsp;&nbsp; 80% | &nbsp;&nbsp; 79% | &nbsp;&nbsp; 77% | &nbsp;&nbsp; 75% | &nbsp;&nbsp; 73% | &nbsp;&nbsp; 70% |
| 5 | &nbsp;&nbsp; 73% | &nbsp;&nbsp; 71% | &nbsp;&nbsp; 69% | &nbsp;&nbsp; 67% | &nbsp;&nbsp; 64% | &nbsp;&nbsp; 60% |
| 6 | &nbsp;&nbsp; 67% | &nbsp;&nbsp; 64% | &nbsp;&nbsp; 62% | &nbsp;&nbsp; 58% | &nbsp;&nbsp; 55% | &nbsp;&nbsp; 50% |
| 7 | &nbsp;&nbsp; 60% | &nbsp;&nbsp; 57% | &nbsp;&nbsp; 54% | &nbsp;&nbsp; 50% | &nbsp;&nbsp; 45% | &nbsp;&nbsp; 40% |
| 8 | &nbsp;&nbsp; 53% | &nbsp;&nbsp; 50% | &nbsp;&nbsp; 46% | &nbsp;&nbsp; 42% | &nbsp;&nbsp; 36% | &nbsp;&nbsp; 30% |
| 9 | &nbsp;&nbsp; 47% | &nbsp;&nbsp; 43% | &nbsp;&nbsp; 38% | &nbsp;&nbsp; 33% | &nbsp;&nbsp; 27% | &nbsp;&nbsp; 20% |
| 10 | &nbsp;&nbsp; 40% | &nbsp;&nbsp; 36% | &nbsp;&nbsp; 31% | &nbsp;&nbsp; 25% | &nbsp;&nbsp; 18% | &nbsp;&nbsp; 10% |
| 11 | &nbsp;&nbsp; 33% | &nbsp;&nbsp; 29% | &nbsp;&nbsp; 23% | &nbsp;&nbsp; 17% | &nbsp;&nbsp;&nbsp; 9% | &nbsp;&nbsp;&nbsp; 0% |
| 12 | &nbsp;&nbsp; 27% | &nbsp;&nbsp; 21% | &nbsp;&nbsp; 15% | &nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp; 0% |  |
| 13 | &nbsp;&nbsp; 20% | &nbsp;&nbsp; 14% | &nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp; 0% |  |  |
| 14 | &nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp; 0% |  |  |  |
| 15 | &nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp; 0% |  |  |  |  |
| 16 | &nbsp;&nbsp;&nbsp; 0% |  |  |  |  |  |

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*\* The Grading Percentages shown are at the beginning of each policy year. Proportionate Grading Percentages apply for other policy months.* 

*\*\* Age for the initial Face Amount refers to the Age at Policy Date. For a subsequent Face Amount increase, Age refers to the Attained Age at the time of the increase.* 

<u>Illustration of Surrender Charge Calculation</u> 

*Assumptions*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 45 year old

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• death benefit Option 1

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $20,000 in premiums have been paid on the policy in the first policy year

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Surrender Charge Premium Limit for the policy is $16.06 per thousand of Face Amount

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Face Amount of the policy at issue is $500,000 and no increases have occurred

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• policy is surrendered during the first month of the first policy year.

*Surrender Charge*. The surrender charge to be assessed would be $12,680 determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First, the applicable rate per $1000 of initial Face Amount as set forth in the table above ($6.09) is added to 120% of the lesser of the premiums paid per $1000 of initial Face Amount or the Surrender Charge Premium Limit.

$6.09 plus (120%) x [the lesser of $20,000/(500,000/1000) or $16.06] = $25.36.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Next, this figure is multiplied by the initial Face Amount divided by 1000.

$25.36 x [500,000/1000 or 500] = $12,680.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Finally, the figure obtained in step 2 is multiplied by the applicable Grading Percentage for the first month of the first policy year (100%).

$12,680 x 100% = $12,680.

Depending upon the Face Amount of the policy, the Age of the Life Insured at issuance, premiums paid under the policy and the performance of the underlying investment options, the policy may have no Cash Surrender Value and, therefore, the policy owner may receive no surrender proceeds upon surrendering the policy.

**Surrender charges on a partial withdrawal.** A partial withdrawal made during the Surrender Charge Period will result in the assessment of a pro-rata portion of the surrender charges to which the policy is subject. The portion of the surrender charges assessed will be based on the ratio of the amount of the withdrawal to the Net Cash Surrender Value of the policy as of the date of the withdrawal. It will equal (a) divided by (b), multiplied by (c), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the amount of the partial Net Cash Surrender Value withdrawal;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the Net Cash Surrender Value prior to the withdrawal; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is the current total surrender charge prior to the withdrawal.

The surrender charges will be deducted from the policy value at the time of the partial withdrawal on a pro-rata basis from each of the investment accounts and the fixed account unless you direct that the surrender charges be deducted from one or more investment accounts or the fixed account. If the amount in the accounts is not sufficient to pay the surrender charges assessed, then the amount of the withdrawal will be reduced.

Whenever a portion of the surrender charges is deducted as a result of a partial withdrawal, the policy's remaining surrender charges will be reduced in the same proportion that the surrender charge deducted bears to the total surrender charge immediately before the partial withdrawal.

**Surrender charge on decrease in Face Amount.** If the Face Amount of insurance is decreased, a pro-rata surrender charge will be deducted from the policy value for decreases in excess of the Surrender Charge Decrease Exemption. A decrease in Face Amount caused by a change from death benefit Option 1 to Option 2 will not incur a pro-rata surrender charge. Each time a pro-rata surrender charge is deducted for a Face Amount decrease, the remaining surrender charge will be reduced in the same proportion that the surrender charge deducted bears to the total surrender charge immediately before the Face Amount decrease.

The Surrender Charge Decrease Exemption is 10% of the initial Face Amount. Once cumulative Face Amount decreases exceed 10% of the initial Face Amount, the Surrender Charge Decrease Exemption no longer applies and a surrender charge will be applied to Face Amount decreases in excess of the exemption amount. This amount is set at issuance of the policy and applies to decreases in the initial Face Amount of insurance only. This exemption does not apply to a full surrender of the policy or a partial withdrawal of Net Cash Surrender Value.

**Administration charge.** The administration charge is paid to us and is designed to cover certain administrative expenses associated with the policy, including maintaining policy records, collecting premiums and processing death claims, surrender and withdrawal requests and various changes permitted under the policy. During the first 5 policy years, this monthly charge will be $40. For all subsequent policy years, the monthly administration charge will be $20.

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**Face Amount charge.** There is a monthly charge per $1000 Face Amount that is paid to us. The monthly charge per $1000 of Face Amount varies by the Age of the Life Insured at issuance (or the Attained Age of the Life Insured at the time of an increase) and the death benefit option in effect as set forth in the following table. This charge applies to the Face Amount for the first 10 policy years.

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| | | |
|:---|:---|:---|
| **Age\*/Attained Age\*** | **Death Benefit Option 1**<br> **(First Ten Policy Years)**<br>| **Death Benefit Option 2**<br> **(First Ten Policy Years)**<br>|
| 25 or less | &nbsp;&nbsp; $0.08 | &nbsp;&nbsp; $0.04 |
| 35 | &nbsp;&nbsp; $0.11 | &nbsp;&nbsp; $0.06 |
| 45 | &nbsp;&nbsp; $0.22 | &nbsp;&nbsp; $0.10 |
| 55 | &nbsp;&nbsp; $0.31 | &nbsp;&nbsp; $0.17 |
| 65 | &nbsp;&nbsp; $0.60 | &nbsp;&nbsp; $0.39 |
| 75 | &nbsp;&nbsp; $0.89 | &nbsp;&nbsp; $0.61 |
| 85+ | &nbsp;&nbsp; $1.18 | &nbsp;&nbsp; $0.83 |

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*\* For ages not shown, the applicable monthly charge can be found by adjusting the above charges proportionately.* 

**Cost of insurance charge.** The monthly cost of insurance charge is paid to us and is determined as the rate of the cost of insurance for a specific policy month, multiplied by the net amount at risk, as described below.

Death Benefit Option 1. The net amount at risk is equal to the greater of zero or the result of (a) minus (b), where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is the Face Amount of insurance as of the first day of the policy month, divided by 1.0024663; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is the policy value as of the first day of the policy month after the deduction of all charges other than the monthly cost of insurance charge.

Death Benefit Option 2. The net amount at risk is equal to the Face Amount of insurance as of the first day of the policy month, divided by 1.0024663.

Since the net amount at risk for death benefit Option 1 is based on a formula that includes as factors the policy value, the net amount at risk is affected by the investment performance of the underlying investment options chosen, payment of premiums and charges assessed.

The rates for the cost of insurance, as of the Policy Date and subsequently for each Face Amount increase, are based on the Life Insured's age, sex and risk classification, the duration that coverage has been in force and the net amount at risk.

We apply unisex rates where appropriate under the law. Currently unisex rates are applied to policies issued in the state of Montana and for policies purchased by employers and employee organizations in connection with employment-related insurance or benefit programs.

The cost of insurance charges reflect our expectations as to future mortality experience. The rates may be re-determined from time to time on a basis which does not unfairly discriminate within any class of the life insured. In no event will the cost of insurance charges exceed the guaranteed rates set forth in the policy except to the extent that an extra charge is imposed because of an Additional Rating applicable to the Life Insured. After the first policy year, the cost of insurance charge will generally increase on each policy anniversary. The guaranteed rates are based on a unismoker version of the 1980 Commissioners Smoker Distinct, age nearest birthday, mortality tables. Current cost of insurance charges may be less than the guaranteed rates.

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

**<u>Loan interest charge.</u>** We will charge interest on any amount you borrow from your policy. The interest charged on any loan is an effective annual rate of 5.25% in the first ten policy years and 4.0% thereafter.

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

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

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

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

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

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

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

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

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

**Commissions Paid to Dealers** 

We pay compensation to broker-dealers for the promotion and sale of the policies, and for providing ongoing service in relation to policies that have already been purchased. We may also pay a limited number of broker-dealers commissions or overrides to "wholesale" the policies; that is, to provide marketing support and training services to the broker-dealer firms that do the actual selling. The compensation paid to broker-dealers may vary depending on the selling agreement. The compensation paid is not expected to exceed 135% of target premium paid in the first policy year, and 7% of target premium paid in years 2-15. Compensation paid on any premium in excess of target premium will not exceed 8% in year 1 and 5% in years 2-15. 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

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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.** Unless the no-lapse guarantee is in effect, the policy will go into default at the beginning of any policy month that the policy's Net Cash Surrender Value would be zero or below after deducting the monthly deduction then due. Therefore, a policy could lapse eventually if increases in policy value (prior to deduction of policy charges) are not sufficient to cover policy charges. A lapse could have adverse tax consequences as described under "Taxes -Death Benefit Proceeds and Other Policy Distributions." We will notify you of the default and will allow a 61 day grace period in which you may make a premium payment sufficient to bring the policy out of default. The required payment will be equal to the amount necessary to bring the Net Cash Surrender Value to zero, if it was less than zero on the date of default, plus the monthly deductions due at the date of default and payable at the beginning of each of the two policy months thereafter, plus any applicable premium charge. If we do not receive the required payment by the end of the grace period, the policy will terminate with no value.

**No-lapse Guarantee.** In those states where it is permitted, as long as the No-Lapse Guarantee Cumulative Premium Test is satisfied during the No-Lapse Guarantee Period, as described below, we will guarantee that the policy will not go into default even if adverse investment experience or other factors should cause the policy's Net Cash Surrender Value to fall to zero or below during such period.

The Monthly No-Lapse Guarantee Premium is one-twelfth of the No-Lapse Guarantee Premium.

The No-Lapse Guarantee Premium is set at issuance of the policy and reflects any Additional Rating and supplementary benefits, if applicable. It is subject to change if there is (i) a change in the Face Amount of the policy, (ii) a change of the death benefit option, (iii) a decrease in the Face Amount of insurance due to a partial withdrawal, or (iv) any change in the supplementary benefits added to the policy or the risk classification of the Life Insured.

The No-Lapse Guarantee Period is described in your policy.

While the no-lapse guarantee is in effect, we will determine, at the beginning of any policy month that a policy would otherwise be in default, whether the No-Lapse Guarantee Cumulative Premium Test, described below, has been met. If the test has not been satisfied, we will notify the policy owner of that fact and allow a 61-day grace period in which you may make a premium payment sufficient to keep the policy from going into default. This required payment, as described in the notification, will be equal to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the outstanding premium requirement to satisfy the No-Lapse Guarantee Cumulative Premium Test at the date of default plus the Monthly No-Lapse Guarantee Premium due for the next two policy months, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the amount necessary to bring the Net Cash Surrender Value to zero plus the monthly deductions due, plus the next two monthly deductions plus the applicable premium charge.

If we do not receive the required payment by the end of the grace period, the no-lapse guarantee and the policy will terminate.

The No-Lapse Guarantee Cumulative Premium Test is satisfied if, as of the beginning of the policy month that your policy would otherwise be in default, the sum of all premiums paid to date, less any Policy Debt and less any gross withdrawals taken on or before the date of the test, is equal to or exceeds the sum of the Monthly No-Lapse Guarantee Premiums due from the Policy Date to the date of the test.

If the Life Insured should die during the grace period, the policy value used in the calculation of the death benefit will be the policy value as of the date of default and the insurance benefit will be reduced by any outstanding monthly deductions due at the time of death.

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**Reinstatement.** A policy owner may, by making a written request, reinstate a policy which has terminated after going into default at any time within the five-year period following the date of termination subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evidence of the Life Insured's insurability, satisfactory to the Company, is provided to the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A premium equal to the amount that was required to bring the policy out of default immediately prior to termination, plus the amount needed to keep the policy in force to the next scheduled date for payment of the planned premium, must be paid to the Company.

If the reinstatement is approved, the date of reinstatement will be the later of the date we approve the policy owner's request or the date we receive the required payment at our Service Office. In addition, any surrender charges will be reinstated to the amount they were at the date of default. The policy value on the date of reinstatement, prior to the crediting of any Net Premium paid on the reinstatement, will be equal to the policy value on the date the policy terminated. Any Policy Debt not paid upon termination of a policy will be reinstated if the policy is reinstated.

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

**Variations** 

Insurance laws and regulations apply to us in every state in which our policies are sold. As a result, terms and conditions of your insurance coverage may vary depending on where you purchase a policy, and certain riders and options may not be available due to state insurance laws or restrictions in the state in which the policy is issued. Specific variations from the information appearing in this prospectus which are required due to insurance laws and regulations are contained in your policy, or in riders or endorsements attached to your policy. You should refer to your policy for these state specific features.

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

**Policy or Separate Account Changes** 

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

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

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

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

**When We Pay Policy Proceeds** 

As long as the policy is in force, John Hancock USA will ordinarily pay any policy loans, surrenders, partial withdrawals or insurance benefit within seven days after receipt at its Service Office of all the documents required for such a payment. 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. 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 on all amounts in John Hancock retained asset account. Please contact our Service Office for more information.

We may delay, for up to six months, the payment from the fixed account of any policy loans, surrenders, partial withdrawals, or insurance benefit. In the case of any such payments from any investment account, we may delay payment during any period during which (i) the New York Stock Exchange is closed for trading (except for normal weekend and holiday closings), (ii) trading on the New York Stock Exchange is restricted, and (iii) an emergency exists, as determined by the SEC, as a result of which disposal of securities held in the Separate Account is not reasonably practicable or it is not reasonably practicable to determine the value of the Separate Account's net assets; provided that applicable rules and regulations of the SEC shall govern as to whether the conditions described in (ii) and (iii) exist.

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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 Life Insurance Company (U.S.A.) Separate Account A, a separate account operated by us under Michigan law (the "Separate Account"). Each subaccount of the Separate Account invests its assets in one of the portfolios shown in the <u>APPENDIX</u>.

The Separate Account's assets are our property. Each policy provides that amounts we hold in the Separate Account pursuant to the policies cannot be reached by any other persons who may have claims against us and can't be used to pay any obligations of John Hancock USA other than those arising out of policies that use the Separate Account. Income, gains and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of John Hancock USA's other assets. All obligations under the policies (including under any fixed 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 policy value. We describe these charges under "Charges at the portfolio level." For certain policy years, we also will apply a policy credit to your policy value.

**Portfolios** 

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

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

**Voting Portfolio Shares** 

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

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

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

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

**Legal Proceedings** 

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

**Financial Statements** 

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

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**Appendix: Portfolios Available Under The Policy** 

The following is a list of portfolios available under the policies. More information about the portfolios is available in the prospectuses for the portfolios, which may be amended from time to time. You can find the prospectuses and other information about the portfolios at dfinview.com/JohnHancock/PUFT/VULA. 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.70%<sup>\*</sup> | &nbsp;&nbsp; 7.39 | &nbsp;&nbsp; 0.02 | &nbsp;&nbsp; 2.61 |
| To seek to provide high total return <br> (including income and capital gains) <br> consistent with preservation of capital <br> over the long term.<br>| American Asset Allocation Trust - Series <br> I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91%<sup>\*</sup> | 15.39 | &nbsp;&nbsp; 8.57 | &nbsp;&nbsp; 9.37 |
| To seek to provide long-term growth of <br> capital.<br>| American Global Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.07%<sup>\*</sup> | 21.17 | &nbsp;&nbsp; 7.81 | 11.74 |
| To seek to provide growth of capital. | American Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.95%<sup>\*</sup> | 19.81 | 12.95 | 17.53 |
| To seek to provide long-term growth of <br> capital and income.<br>| American Growth-Income Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91% | 17.65 | 13.48 | 13.50 |
| To provide long-term growth of capital. <br> Current income is a secondary objective.<br>| Blue Chip Growth Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.80%<sup>\*</sup> | 18.52 | 11.71 | 15.56 |
| To seek long-term capital appreciation. | Capital Appreciation Value Trust - Series <br> I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.93%<sup>\*</sup> | 11.61 | &nbsp;&nbsp; 9.06 | 10.90 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek total return consisting of income <br> and capital appreciation.<br>| Core Bond Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Allspring Global Investments, LLC*<br>| 0.67%<sup>\*</sup> | &nbsp;&nbsp; 6.94 | -0.57 | &nbsp;&nbsp; 1.91 |
| To seek long-term capital appreciation. | Disciplined Value Emerging Markets <br> Equity Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.96%<sup>\*</sup> | 31.88 | &nbsp;&nbsp; 7.79 | &nbsp;&nbsp; 8.50 |
| To seek long-term growth of capital. | Disciplined Value International Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.84% | 40.90 | 12.64 | &nbsp;&nbsp; 8.92 |
| To provide substantial dividend income <br> and also long-term growth of capital.<br>| Equity Income Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.78%<sup>\*</sup> | 14.39 | 11.10 | 10.47 |
| To seek growth of capital. | Financial Industries Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.93%<sup>\*</sup> | 12.00 | 11.44 | 10.54 |
| To seek long-term growth of capital. | Fundamental All Cap Core Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.76%<sup>\*</sup> | &nbsp;&nbsp; 4.78 | 11.74 | 13.74 |
| To seek long-term capital appreciation. | Fundamental Large Cap Value Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.77%<sup>\*</sup> | 15.93 | 14.90 | 12.58 |
| To seek long-term capital appreciation. | Global Equity Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.93%<sup>\*</sup> | 18.13 | 10.12 | &nbsp;&nbsp; 8.34 |
| To seek long-term capital appreciation. | Health Sciences Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.04%<sup>\*</sup> | 19.49 | &nbsp;&nbsp; 4.15 | &nbsp;&nbsp; 8.70 |
| The fund seeks high current income. <br> Capital appreciation is a secondary goal.<br>| High Yield Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.74%<sup>\*</sup> | &nbsp;&nbsp; 7.46 | &nbsp;&nbsp; 3.97 | &nbsp;&nbsp; 6.07 |

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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 I<br>John Hancock Variable Trust Advisers <br> LLC/*SSGA Funds Management, Inc.*<br>| 0.39%<sup>\*</sup> | 32.50 | &nbsp;&nbsp; 7.64 | &nbsp;&nbsp; 8.28 |
| To seek long-term capital appreciation. | International Small Company Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>| 1.06%<sup>\*</sup> | 34.98 | &nbsp;&nbsp; 7.99 | &nbsp;&nbsp; 7.79 |
| To provide a high level of current income <br> consistent with the maintenance of <br> principal and liquidity.<br>| Investment Quality Bond Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.77%<sup>\*</sup> | &nbsp;&nbsp; 6.97 | -0.47 | &nbsp;&nbsp; 2.37 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.79%<sup>\*</sup> | 14.10 | &nbsp;&nbsp; 5.44 | &nbsp;&nbsp; 7.02 |
| To seek a high level of current income <br> with some consideration given to growth <br> of capital.<br>| Lifestyle Conservative Portfolio - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.76%<sup>\*</sup> | 10.05 | &nbsp;&nbsp; 1.97 | &nbsp;&nbsp; 4.16 |
| To seek long-term growth of capital. <br> Current income is also a consideration.<br>| Lifestyle Growth Portfolio - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.81%<sup>\*</sup> | 16.72 | &nbsp;&nbsp; 7.79 | &nbsp;&nbsp; 8.90 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.78%<sup>\*</sup> | 12.67 | &nbsp;&nbsp; 4.25 | &nbsp;&nbsp; 6.04 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.92% | &nbsp;&nbsp; 9.72 | &nbsp;&nbsp; 4.61 | &nbsp;&nbsp; 5.52 |
| To seek current income and growth of <br> capital, while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Conservative Portfolio <br> - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.90% | &nbsp;&nbsp; 8.84 | &nbsp;&nbsp; 0.95 | &nbsp;&nbsp; 3.09 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek long term growth of capital while <br> seeking to both manage the volatility of <br> return and limit the magnitude of <br> portfolio losses.<br>| Managed Volatility Growth Portfolio - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.96% | 10.82 | &nbsp;&nbsp; 6.26 | &nbsp;&nbsp; 6.22 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.92% | &nbsp;&nbsp; 9.25 | &nbsp;&nbsp; 3.73 | &nbsp;&nbsp; 5.06 |
| To seek long-term growth of capital. | Mid Cap Growth Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.93%<sup>\*</sup> | &nbsp;&nbsp; 6.11 | &nbsp;&nbsp; 1.30 | 11.69 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.46%<sup>\*</sup> | &nbsp;&nbsp; 6.98 | &nbsp;&nbsp; 8.63 | 10.23 |
| To seek long-term capital appreciation. | Mid Value Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.03%<sup>\*</sup> | &nbsp;&nbsp; 5.85 | 11.65 | 10.85 |
| To obtain maximum current income <br> consistent with preservation of principal <br> and liquidity.<br>| Money Market Trust<sup>\*\*</sup> - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.33%<sup>\*</sup> | &nbsp;&nbsp; 4.02 | &nbsp;&nbsp; 2.99 | &nbsp;&nbsp; 1.93 |
| To seek maximum total return, consistent <br> with preservation of capital and prudent <br> investment management.<br>| Opportunistic Fixed Income Trust - Series <br> I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.97%<sup>\*</sup> | &nbsp;&nbsp; 9.51 | &nbsp;&nbsp; 0.57 | &nbsp;&nbsp; 3.19 |
| To seek to achieve a combination of long-<br> term capital appreciation and current <br> income.<br>| Real Estate Securities Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.81%<sup>\*</sup> | &nbsp;&nbsp; 0.63 | &nbsp;&nbsp; 5.73 | &nbsp;&nbsp; 5.87 |
| To seek long-term growth of capital. <br> Current income is incidental to the fund's <br> objective.<br>| Science & Technology Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.04%<sup>\*</sup> | 23.58 | 12.97 | 19.79 |
| To seek income and capital appreciation. | Select Bond Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.65%<sup>\*</sup> | &nbsp;&nbsp; 7.47 | -0.32 | &nbsp;&nbsp; 2.21 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek a high level of current income <br> consistent with preservation of capital. <br> Maintaining a stable share price is a <br> secondary goal.<br>| Short Term Government Income Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.70%<sup>\*</sup> | &nbsp;&nbsp; 5.14 | &nbsp;&nbsp; 0.64 | &nbsp;&nbsp; 1.21 |
| To seek long-term capital appreciation. | Small Cap Core Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.95%<sup>\*</sup> | &nbsp;&nbsp; 0.06 | &nbsp;&nbsp; 6.48 | &nbsp;&nbsp; 6.05 |
| Seeks to approximate the aggregate total <br> return of a small cap U.S. domestic equity <br> market index.<br>| Small Cap Index Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.53%<sup>\*</sup> | 12.25 | &nbsp;&nbsp; 5.66 | &nbsp;&nbsp; 9.18 |
| To seek long-term capital appreciation. | Small Cap Opportunities Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>0.92%<sup>\*</sup> | &nbsp;&nbsp; 9.18 | 10.54 | 10.04 |
| To seek long-term capital appreciation. | Small Cap Stock Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.13%<sup>\*</sup> | 12.66 | &nbsp;&nbsp; 0.36 | 10.07 |
| To seek long-term growth of capital. | Small Company Value Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.21%<sup>\*</sup> | &nbsp;&nbsp; 7.12 | &nbsp;&nbsp; 5.96 | &nbsp;&nbsp; 8.93 |
| To seek a high level of current income. | Strategic Income Opportunities Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.79%<sup>\*</sup> | &nbsp;&nbsp; 7.51 | &nbsp;&nbsp; 1.55 | &nbsp;&nbsp; 3.21 |
| Seeks to approximate the aggregate total <br> return of a broad U.S. domestic equity <br> market index.<br>| Total Stock Market Index Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.56%<sup>\*</sup> | 16.63 | 12.36 | 13.67 |
| To seek long-term growth of capital. | U.S. Growth Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.67%<sup>\*</sup> | 20.60 | 11.70 | 17.06 |
| The fund seeks a high level of current <br> income consistent with the maintenance <br> of liquidity and the preservation of <br> capital.<br>| Ultra Short Term Bond Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.67%<sup>\*</sup> | &nbsp;&nbsp; 4.29 | &nbsp;&nbsp; 2.48 | &nbsp;&nbsp; 1.95 |

---

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

------

*\*\* This Portfolio is no longer accepting premium payments .*

------

&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/VULA. 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. 811-4834—1933 Act File No. 333-85284 <br>EDGAR Contract Identifier No. C000027510

------

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

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

Flexible Premium Variable Life Insurance Policy

EPVUL

Prospectus dated April 27, 2026

You may choose to allocate your policy 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 policy 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 Life Insurance Company (U.S.A.) Separate Account A ("Separate Account"), and the subaccount invests those amounts exclusively in one of the portfolios.

You may also allocate policy 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 policy value.

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

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

------

**Table of Contents** 

---

| | |
|:---|:---|
| **[important Information you should consider about the policy](#xx_080c8d21-323f-4f37-b27b-cc5071e5f47d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5 |
| **[Overview of the Policy](#xx_59a325dc-993a-44e9-bea1-31c152ace40c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| *[Purpose](#xx_59a325dc-993a-44e9-bea1-31c152ace40c_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| *[Premiums](#xx_59a325dc-993a-44e9-bea1-31c152ace40c_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| *[Policy Features](#xx_59a325dc-993a-44e9-bea1-31c152ace40c_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Death benefit.](#xx_59a325dc-993a-44e9-bea1-31c152ace40c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Surrender of the policy.](#xx_59a325dc-993a-44e9-bea1-31c152ace40c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Withdrawals.](#xx_59a325dc-993a-44e9-bea1-31c152ace40c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Policy loans.](#xx_59a325dc-993a-44e9-bea1-31c152ace40c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Supplementary benefit riders.](#xx_59a325dc-993a-44e9-bea1-31c152ace40c_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| **[Fee Table](#xx_ccdbd17f-fc35-4758-8d55-6ec7a9a5ca47_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 |
| **[General Description of the Policy](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Policy Rights](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Owner and beneficiary.](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Allocation of Premiums](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Transfers of Policy Value](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_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_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Frequent transfers among variable investment accounts.](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Limitations on transfers out of the fixed account.](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Potential additional limitations.](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Dollar cost averaging and asset allocation balancer programs.](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| *[General Account](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[The fixed account.](#xx_f7ca8bd9-b407-48ca-a9fd-2dccbdf2f15c_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Premiums](#xx_cfa5edb4-1e1e-4dc1-8e9c-3ec7214a5917_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[Purchase Procedures](#xx_cfa5edb4-1e1e-4dc1-8e9c-3ec7214a5917_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[Premium Amount](#xx_cfa5edb4-1e1e-4dc1-8e9c-3ec7214a5917_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[Premium Due Dates](#xx_cfa5edb4-1e1e-4dc1-8e9c-3ec7214a5917_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[No-lapse Guarantee](#xx_cfa5edb4-1e1e-4dc1-8e9c-3ec7214a5917_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Standard Death Benefits](#xx_03278068-ebaa-4899-8716-7035b56796fd_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| *[Standard Death Benefits](#xx_03278068-ebaa-4899-8716-7035b56796fd_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Effectiveness and Policy Date.](#xx_03278068-ebaa-4899-8716-7035b56796fd_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Temporary insurance coverage.](#xx_03278068-ebaa-4899-8716-7035b56796fd_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Option 1 and Option 2.](#xx_03278068-ebaa-4899-8716-7035b56796fd_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Calculation and payment of the death benefit.](#xx_03278068-ebaa-4899-8716-7035b56796fd_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Changes you may make.](#xx_03278068-ebaa-4899-8716-7035b56796fd_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| *[Additional Information About Standard Death Benefits](#xx_03278068-ebaa-4899-8716-7035b56796fd_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Increase in Face Amount.](#xx_03278068-ebaa-4899-8716-7035b56796fd_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[New Surrender Charges for an Increase.](#xx_03278068-ebaa-4899-8716-7035b56796fd_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Increase with Prior Decrease.](#xx_03278068-ebaa-4899-8716-7035b56796fd_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Decreases in Face Amount.](#xx_03278068-ebaa-4899-8716-7035b56796fd_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Factors that affect the death benefit.](#xx_03278068-ebaa-4899-8716-7035b56796fd_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Tax consequences of coverage changes.](#xx_03278068-ebaa-4899-8716-7035b56796fd_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Limitations on payment of death benefit.](#xx_03278068-ebaa-4899-8716-7035b56796fd_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Surrenders and Withdrawals](#xx_489f3a8f-0eff-4a6c-aeef-bdc017286b59_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Surrender and Withdrawal](#xx_489f3a8f-0eff-4a6c-aeef-bdc017286b59_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[Withdrawals will be limited if they would otherwise cause the Face Amount to fall below $100,000.](#xx_489f3a8f-0eff-4a6c-aeef-bdc017286b59_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| *[If death benefit Option 2 is in effect, partial withdrawals do not affect the Face Amount of a policy.](#xx_489f3a8f-0eff-4a6c-aeef-bdc017286b59_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |

---

------

---

| | |
|:---|:---|
| **[Loans](#xx_68ba89b7-6162-4bef-8978-e84990e39d96_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| *[Availability of Loans, Limitations and Interest](#xx_68ba89b7-6162-4bef-8978-e84990e39d96_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| *[Effect of Loans on Cash Value and Death Benefit](#xx_68ba89b7-6162-4bef-8978-e84990e39d96_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[Other Effects of Loans](#xx_68ba89b7-6162-4bef-8978-e84990e39d96_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[Loan Repayments](#xx_68ba89b7-6162-4bef-8978-e84990e39d96_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| **[Other Benefits Available Under the Policy](#xx_22f3a134-78eb-4350-bb03-60dd268ae57a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| *[More About Certain Optional Benefits](#xx_6c00fb17-b0b6-4aca-b745-1d7f38cd42e5_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| **[Optional Term Rider.](#xx_6c00fb17-b0b6-4aca-b745-1d7f38cd42e5_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| **[Cash Value Enhancement Riders.](#xx_6c00fb17-b0b6-4aca-b745-1d7f38cd42e5_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| **[Return of Premium Rider.](#xx_6c00fb17-b0b6-4aca-b745-1d7f38cd42e5_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| **[Taxes](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| *[General](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| *[Death Benefit Proceeds and Other Policy Distributions](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 |
| *[Policy Loans](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[Diversification Rules and Ownership of the Separate Account](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| *[7-pay Premium Limit and Modified Endowment Contract Status](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| *[Policies classified as modified endowment contracts are subject to the following tax rules:](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| *[Corporate and H.R. 10 Retirement Plans](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Withholding](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Life Insurance Purchases by Residents of Puerto Rico](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Life Insurance Purchases by Non-resident Aliens](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| *[Life Insurance Owned by Citizens or Residents Living Abroad](#xx_db6b9da0-501c-42bb-88a8-51dfaaeecedd_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Principal Risks of Investing in the Policy](#xx_e14f23c4-93e2-4e61-9481-b495754957a5_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Lapse Risk](#xx_e14f23c4-93e2-4e61-9481-b495754957a5_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Investment Risk/Risk of Loss](#xx_e14f23c4-93e2-4e61-9481-b495754957a5_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Transfer Risk](#xx_e14f23c4-93e2-4e61-9481-b495754957a5_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Early Surrender or Withdrawal Risk/ Not a Short-Term Investment](#xx_e14f23c4-93e2-4e61-9481-b495754957a5_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Tax Risks](#xx_e14f23c4-93e2-4e61-9481-b495754957a5_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| *[Cybersecurity Risks](#xx_e14f23c4-93e2-4e61-9481-b495754957a5_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| **[Additional Information Regarding the Policy](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Charges](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Deductions from premium payments.](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Deductions from policy value.](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Charges at the portfolio level.](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_5)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| *[Additional Information About How Certain Policy Charges Work](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| *[Other Charges We Could Impose in the Future](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| *[Commissions Paid to Dealers](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| *[Lapse and Reinstatement](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| **[Lapse.](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_6)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| **[No-lapse Guarantee.](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_6)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| **[Reinstatement.](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_7)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| *[Variations](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| *[Policy or Separate Account Changes](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_7)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| *[When We Pay Policy Proceeds](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_8)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 |
| **[General Description of Registrant, Depositor and Portfolios](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_9)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| *[Depositor](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_9)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| *[Registrant](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_9)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| *[Portfolios](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_9)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| *[Voting Portfolio Shares](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_9)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| **[Legal Proceedings](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_10)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |

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| | |
|:---|:---|
| **[Financial Statements](#xx_4d25dade-1d4a-4c3b-aea7-755c67d2a2ab_10)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |
| **[Appendix: Portfolios Available Under The Policy](#xx_dda054cb-0917-41d0-9c96-5460718188dc_1)** | &nbsp;&nbsp; Appendix-1 |

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

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| | | | | |
|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| Charges for Early <br> Withdrawals<br>| &nbsp;&nbsp; A surrender charge is assessed during the first 10-15 years following the <br> Policy Date or the effective date of a Face Amount decrease and is based <br> upon the Face Amount of the policy. | &nbsp;&nbsp; A surrender charge is assessed during the first 10-15 years following the <br> Policy Date or the effective date of a Face Amount decrease and is based <br> upon the Face Amount of the policy. | &nbsp;&nbsp; A surrender charge is assessed during the first 10-15 years following the <br> Policy Date or the effective date of a Face Amount decrease and is based <br> upon the Face Amount of the policy. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from policy* <br> *value*<br>|
| Transaction Charges | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> the following transactions:<br>A sales charge will be deducted from each premium paid during the first 10 <br> policy years.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> the following transactions:<br>A sales charge will be deducted from each premium paid during the first 10 <br> policy years.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> the following transactions:<br>A sales charge will be deducted from each premium paid during the first 10 <br> policy years.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from premium* <br> *payments*<br>*Deductions from policy* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; In addition to surrender charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including a cost of insurance <br> charge, asset based risk charges, face amount charges, policy loan cost, <br> administration charges and supplementary benefit rider charges. Some of <br> these fees and expenses are based wholly or in part on the characteristics of <br> the insured persons (e.g., age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to surrender charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including a cost of insurance <br> charge, asset based risk charges, face amount charges, policy loan cost, <br> administration charges and supplementary benefit rider charges. Some of <br> these fees and expenses are based wholly or in part on the characteristics of <br> the insured persons (e.g., age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to surrender charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including a cost of insurance <br> charge, asset based risk charges, face amount charges, policy loan cost, <br> administration charges and supplementary benefit rider charges. Some of <br> these fees and expenses are based wholly or in part on the characteristics of <br> the insured persons (e.g., age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from policy* <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>| 0.44% | 1.22% | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |

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| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| Risk of Loss | You can lose money by investing in this policy. | &nbsp;&nbsp; *PRINCIPAL RISKS OF* <br> *INVESTING IN A* <br> *POLICY*<br>|
| Not a Short- Term <br> Investment<br>| &nbsp;&nbsp; This policy is not a short-term investment and is not appropriate for <br> an investor who needs ready access to cash. The policy is unsuitable <br> as a short-term savings vehicle because of substantial policy-level <br> charges, including the sales charge and the surrender charge, as well <br> as potential adverse tax consequences from such short-term use.<br>| &nbsp;&nbsp; *Early Surrender or* <br> *Withdrawal Risk/Not a* <br> *Short-Term Investment*<br>|
| Risks Associated with <br> Investment Options<br>| &nbsp;&nbsp; An investment in this policy is subject to the risk of poor <br> performance and can vary depending on the performance of the <br> account allocation options available under the policy (e.g., <br> portfolios). Each such option (including the fixed 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/EPVUL.<br>| &nbsp;&nbsp; *Investment Risk/Risk of* <br> *Loss*<br>|

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| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| Insurance Company <br> Risks<br>| &nbsp;&nbsp; Your investment in the policy is subject to risks related to John <br> Hancock USA, including that the obligations (including under the <br> fixed account 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; Unless the no-lapse guarantee is in effect, this policy will go into <br> default if at the beginning of any policy month the policy's net cash <br> surrender value would be zero or below after deducting the monthly <br> deductions then due. The "net cash surrender value" is your policy <br> value, less any policy debt, and less any applicable surrender charges. <br> This can happen as a result of insufficient premium payments, poor <br> performance of the variable or general account options you have <br> chosen, withdrawals, or unpaid loans or loan interest. If a default is <br> not cured within a 61-day grace period, your policy will lapse without <br> value, and no death benefit or other benefits will be payable. You can <br> apply to reinstate a policy that has gone into default, subject to <br> conditions including payment of a specified amount of additional <br> premiums.<br>| &nbsp;&nbsp; *Lapse and* <br> *Reinstatement*<br>|

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

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

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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." The Minimum Initial Premium is a dollar amount that is stated in your policy specifications and that must be paid to us in full before your policy will take effect. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy. After the payment of the initial premium, premiums may be paid at any time and in any amount until the insured person's attained age 100, subject to the need to pay enough premium to keep the policy in force, and to limitations on maximum premium amount.

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

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

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

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

If the net cash surrender value is insufficient to pay the charges when due and the no-lapse guarantee is not in effect, your policy can terminate (i.e. "lapse"). This can happen because you haven't paid enough premium, because the investment performance of the variable investment accounts you've chosen has been poor, or because of a combination of all factors.

**Policy Features** 

**Death benefit.** When the insured person dies, we will pay the "death benefit" minus any policy debt and unpaid fees and charges. There are two ways of calculating the death benefit. You choose which one you want in the application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 1.</u> The death benefit will equal the greater of (1) the Face Amount, or (2) the minimum death benefit. The "Face Amount" is the amount of life insurance coverage as set forth in your policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 2.</u> The death benefit will equal the greater of (1) the Face Amount plus the policy value on the date of death, or (2) the minimum death benefit.

**Surrender of the policy.** You may surrender the policy in full while the insured person is alive. If you do, we will pay you the policy value less any outstanding policy debt and less any applicable surrender charge. This is called your "net cash surrender value."

**Withdrawals.** After the first policy year, you may make a withdrawal of part of your net cash surrender value. Your policy value is automatically reduced by the amount of the withdrawal. A withdrawal may also reduce the Face Amount.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Optional Term Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cash Value Enhancement Riders

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return of Premium 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 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 policy value between investment options.

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| | | | |
|:---|:---|:---|:---|
| **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** | **Amount Deducted** |
| Maximum sales charge | Upon payment of premium | &nbsp;&nbsp; 7.5% of each premium paid during the first 10 policy years<sup>(1)</sup> <br>8.5% of each premium paid during the first 10 policy years if the <br> Cash Value Enhancement Rider is elected<sup>(2)</sup> <br>3.25% of each premium paid during the first 10 policy years if the <br> Cash Value Enhancement Plus Rider is elected<sup>(3)</sup>  | &nbsp;&nbsp; 7.5% of each premium paid during the first 10 policy years<sup>(1)</sup> <br>8.5% of each premium paid during the first 10 policy years if the <br> Cash Value Enhancement Rider is elected<sup>(2)</sup> <br>3.25% of each premium paid during the first 10 policy years if the <br> Cash Value Enhancement Plus Rider is elected<sup>(3)</sup>  |
| Surrender charge<sup>(4)</sup> <br>| &nbsp;&nbsp; Upon withdrawal, surrender or <br> policy lapse<br>| &nbsp;&nbsp; The maximum surrender charge per $1000 of Face Amount is <br> $44.17. A surrender charge is assessed during the first 10-15 years <br> following the Policy Date or the effective date of a Face Amount <br> increase and is based upon the Face Amount of the policy. | &nbsp;&nbsp; The maximum surrender charge per $1000 of Face Amount is <br> $44.17. A surrender charge is assessed during the first 10-15 years <br> following the Policy Date or the effective date of a Face Amount <br> increase and is based upon the Face Amount of the policy. |
| Transfer fee | &nbsp;&nbsp; Upon each transfer into or out <br> of a variable investment <br> account beyond an annual limit <br> of twelve<br>| $25 (only applies to transfers in excess of 12 in a policy year) | $25 (only applies to transfers in excess of 12 in a policy year) |
| Dollar cost averaging | Upon transfer | Guaranteed | $5.00 |
| Dollar cost averaging | Upon transfer | Current | $0.00 |
| Asset allocation balancer | Upon transfer | Guaranteed | $15.00 |
| Asset allocation balancer | Upon transfer | Current | $0.00 |

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*(1) 5% thereafter.* 

*(2) 5.5% thereafter.* 

*(3) 2.25% thereafter.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(4) If the policy is issued with a Cash Value Enhancement Rider, the surrender charge calculated as described above is reduced by 90% for a surrender or lapse occurring in the first policy year, 80% in the second policy year, 60% in the third policy year, 40% in the fourth policy year and 20% in the fifth policy year. If the policy is issued with a Cash Value Enhancement Plus Rider, there is no surrender charge.* 

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:** |  |  |
| Cost of Insurance<sup>(1)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.00 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.01 per $1,000 of NAR (35 year old <br> preferred non-smoking male)<br>|
| Asset Based Risk Charge (contracts with <br> no Cash Value Enhancement Rider)<br>| Monthly | &nbsp;&nbsp; Guaranteed 0.03%<br> Current 0%<br>|
| Asset Based Risk Charge (contracts with <br> Cash Value Enhancement Rider)<br>| Monthly | &nbsp;&nbsp; Guaranteed 0.03%<br> Current 0%<br>|

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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** |
| Asset Based Risk Charge (contracts with <br> Cash Value Enhancement Plus Rider)<br>| Monthly | &nbsp;&nbsp; Guaranteed first 15 policy years 0.11%<br> Guaranteed after 15 policy years 0.05%<br> Current first 15 policy years 0.08%<br> Current after 15 policy years 0.02%<br>|
| Face Amount Charge Death Benefit Option <br> 1<br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.08 per $1000 of Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $1.18 per $1000 of Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.11 per $1000 of Face Amount (35 year <br> old preferred non-smoking male)<br>|
| Face Amount Charge Death Benefit Option <br> 2<br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.04 per $1000 of Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $0.83 per $1000 of Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.11 per $1000 of Face Amount (35 year <br> old preferred non-smoking male)<br>|
| Administration charge<sup>(2)</sup> <br>| Monthly | $40.00 per policy month |
| Loan interest rate (net) | Annually | 1.25%<sup>(3)</sup> <br>|
| **Optional Benefit Charges:** |  |  |
| Optional Term Rider | Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.00 per $1000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.08 per $1000 of NAR (35 year old <br> preferred non-smoking male)<br>|
| Return of Premium Death Benefit Rider | Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.00 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $0.012 per $1,000 of NAR (35 year old <br> preferred non-smoking male)<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) The cost of insurance varies based on individual characteristics and the charges shown in the table may not be representative of the charge a particular policy owner will pay. Information regarding your individual cost of insurance charges may be found in your policy.* 

*(2) First 5 policy years. $20 per policy month thereafter.* 

*(3) First 10 policy years. 0% in policy years 11 and after on a current basis (0.50% in policy years 11 and after on a guaranteed basis).*

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; 0.44% | &nbsp;&nbsp; 1.22% |

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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;• Change the beneficiary who will receive the death benefit

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

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

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

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

**Allocation of Premiums** 

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

There are restrictions that may limit the variable account investment options and fixed account options that you may choose, as well as limitations on the transfer of policy value among those options.

**Transfers of Policy Value** 

You may transfer your policy value from one variable investment account or any fixed account to another, subject to the limitations discussed below. To do so, you must tell us how much to transfer, either as a whole number percentage or as a specific dollar amount. A confirmation of each transfer will be sent to you.

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

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**Limitations on transfers to or from a variable investment account.** Our current practice is to restrict transfers into or out of variable investment accounts to two per calendar month (except with respect to those policies described in the following paragraphs). For purposes of this restriction, and in applying the limitation on the number of free transfers, any transfers made during the period from the opening of a business day (usually 9:00 a.m. Eastern time) to the close of that business day (usually 4:00 p.m. Eastern time) are considered one transfer. You may, however, transfer to the Money Market variable investment account even if the two transfers per month limit has been reached, but only if 100% of the account value in all variable investment accounts is transferred to the Money Market variable investment account. If such a transfer to the Money Market variable investment account is made, then for the 30 calendar day period after such transfer no transfers from the Money Market variable investment account to any other variable investment account or any fixed 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 of up to $25 for any transfer beyond an annual limit (which would be 12 or more). No transfer fee will be imposed on any transfer from a variable investment account into any fixed account if the transfer occurs during the following periods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• within 18 months after the policy's Issue Date, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• within 60 days after the later of the effective date of a material change in the investment objectives of any variable investment account or the date you are notified of the change.

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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 in any one policy year are limited to the greater of (i) the fixed account maximum transfer amount of $2,000, (ii) the fixed account maximum transfer percentage of 15% multiplied by the amount of the fixed account on the immediately preceding policy anniversary, or (iii) the amount transferred out of the fixed account during the previous policy year. Any transfer out of the fixed account may not involve a transfer to the Money Market variable investment account. We reserve the right to impose a minimum amount limit on transfers out of any fixed account. We also reserve the right to impose different restrictions on any additional fixed account that we may offer in the future. We may waive the transfer restrictions on the fixed account.

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

**Dollar cost averaging and asset allocation balancer programs.** We may offer policy owners a dollar cost averaging ("DCA") program. Under the DCA program, you will designate an amount that will be transferred monthly from one variable investment account into any other variable investment account or a fixed account. If insufficient funds exist to effect a DCA transfer, the transfer will not be effected and you will be so notified. We do not apply any minimum amount requirements for participation in the DCA program. You can participate in both the dollar cost averaging and asset rebalancing programs at the same time. Under the asset allocation balancer program you will designate an allocation of policy value among variable investment accounts. We will move amounts among the variable investment accounts at specified intervals you select—

annually, semi-annually, quarterly or monthly. A change to your premium allocation instructions will automatically result in a change in asset allocation balancer instructions so that the two are identical unless you either instruct us otherwise or have elected the dollar cost averaging program. This asset allocation balancer program only applies to policy value in the variable investment accounts. No fee is charged for these programs. We reserve the right to cease to offer these programs as of 90 days after written notice is sent to you.

**General Account** 

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

Because of exemptive and exclusionary provisions, interests in our fixed account 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.** Policy 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. We currently offer only one fixed account—the standard fixed account. The effective annual rate we declare for the fixed account will never be less than 3%. We reserve the right to offer one or more additional fixed accounts with characteristics that differ from those of the current fixed account, but we are under no obligation to do so. Any

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interest we credit in excess of the guaranteed interest crediting rate will be based on our sole discretion. Additionally, interest credited on a non-guaranteed basis varies over time is rarely the same year-over-year and 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 is available with a minimum Face Amount at issue of $500,000. At the time of issue, the insured person must have an attained age of no more than 90. The insured person must meet certain health and other insurance risk criteria called "underwriting standards."

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

The Minimum Initial Premium is set forth in your policy specifications. Factors that determine the minimum initial premium amount generally include the insured person's age, sex and risk classification including any additional ratings; the Total Face Amount of insurance; choice of Death Benefit Option 1 vs. Option 2; and any selected supplementary benefit rider. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy.

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

**Premium Amount** 

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

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

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

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

**Premium Due Dates** 

Unless the no-lapse guarantee is in effect, a policy will go into default if at the beginning of any policy month the policy's net cash surrender value would be zero or below after deducting the monthly deductions then due. Therefore, a policy could lapse eventually if increases in policy value (prior to deduction of policy charges) are not sufficient to cover policy charges. We will notify you of the default and will allow a 61-day grace period in which you may make a premium payment sufficient to bring the policy out of default. The required payment will be equal to the amount necessary to bring the net cash surrender value to

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zero, if it was less than zero on the date of default, plus the monthly deductions due on the date of default and payable at the beginning of each of the two policy months thereafter, plus any applicable sales charge. If the insured person should die during the grace period, the policy value used in the calculation of the death benefit will be the policy value as of the date of default and the death benefit will be reduced by any outstanding monthly deductions due at the time of death. If the required payment is not received by the end of the grace period, the policy will terminate (i.e., "lapse") with no value.

**No-lapse Guarantee** 

In those states where it is permitted, as long as the cumulative premium test is satisfied during the No-Lapse Guarantee Period, and the policy value is greater than the policy debt, we will guarantee that the policy will not go into default, even if adverse investment experience or other factors should cause the policy's surrender value to fall to zero or below during such period.

The No-Lapse Guarantee Premium is not a charge assessed against the policy value; it is an amount used in determining whether the cumulative premium test has been satisfied. The No-Lapse Guarantee Premium is set at issue on the basis of the Face Amount and reflects the age, sex and risk classification of the proposed insured as well as any additional rating and supplementary benefits, if applicable. It is subject to change if (i) the Face Amount of the policy is changed, (ii) there is a decrease in the Face Amount of insurance, or (iii) there is any change in the supplementary benefits added to the policy or in the risk classification of the insured person.

The No-Lapse Guarantee Period is set at issue and is stated in the policy. While the no-lapse guarantee is in effect, we will determine at the beginning of the policy month that your policy would otherwise be in default whether the cumulative premium test has been met. The cumulative premium test is satisfied if, as of the beginning of the policy month that your policy would otherwise be in default, the sum of all premiums paid to date less any withdrawals taken on or before the date of the test and less any policy debt is equal to or exceeds the sum of the monthly No-Lapse Guarantee Premium due from the Policy Date to the date of the test. If the test has not been satisfied, we will notify you of that fact and allow a 61-day grace period in which you may make a premium payment sufficient to keep the policy from terminating. This required payment, as described in the notification, will be equal to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the outstanding premium requirement to satisfy the cumulative premium test at the date of default and the amount necessary to bring the policy value (net of any loans) to zero, plus the monthly No-Lapse Guarantee Premium due for the next two policy months, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the amount necessary to bring the net cash surrender value to zero plus the monthly deductions due on the date of default, plus the next two monthly deductions plus the applicable sales charge.

If the required payment is not received by the end of the grace period, the no-lapse guarantee and the policy will terminate.

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**Standard Death Benefits** 

**Standard Death Benefits** 

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

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

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

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

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

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

**Option 1 and Option 2.** When the insured person dies, we will pay the death benefit minus any outstanding policy debt and unpaid fees and charges. There are two ways of calculating the death benefit. You must choose which one you want in the application. The two death benefit options are described below.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 2.</u> The death benefit will equal the greater of (1) the Total Face Amount plus the policy value on the date of death, or (2) the minimum death benefit.

For the same premium payments, the death benefit under Option 2 will tend to be higher than the death benefit under Option 1. On the other hand, the cost of insurance charges (based on the higher NAR) will be higher under Option 2 to compensate us for the additional insurance risk. Because of that, the policy value will tend to be higher under Option 1 than under Option 2 for the same premium payments.

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

**Minimum death benefit.** In order for a policy to qualify as life insurance under Federal tax law, there has to be a minimum amount of insurance in relation to policy value. There are two tests that can be applied under Federal tax law—the "guideline premium test" and the "cash value accumulation test." You must elect at issue which test you wish to have applied. Once elected, the test cannot be changed without our approval.

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Under the guideline premium test, we compute the minimum death benefit each business day by multiplying the policy value on that date by the death benefit factor applicable on that date. A table showing the factor for each age will appear in the policy, and the following table shows those factors for selected ages:

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| | |
|:---|:---|
| **Attained Age** | **Applicable Factor** |
| 40 and under | &nbsp;&nbsp; 250% |
| 45 | &nbsp;&nbsp; 215% |
| 50 | &nbsp;&nbsp; 185% |
| 55 | &nbsp;&nbsp; 150% |
| 60 | &nbsp;&nbsp; 130% |
| 65 | &nbsp;&nbsp; 120% |
| 70 | &nbsp;&nbsp; 115% |
| 75 | &nbsp;&nbsp; 105% |
| 90 | &nbsp;&nbsp; 105% |
| 95 and above | &nbsp;&nbsp; 100% |

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If you elect the CVA Test, on any date the sum of the death benefit as described above, plus the benefit payable under any Optional Term Rider on the Life Insured, will always be equal to the amount required on such date to produce a policy value that does not exceed the Net Single Premium required to fund future benefits under the policy.

The cash value accumulation test may be preferable if you want to fund the policy so that the minimum death benefit will increase earlier than would be required under the guideline premium test, or if you want to fund the policy at the "7 pay" limit for the full seven years.

To the extent that the calculation of the minimum death benefit under the selected life insurance qualification test causes the death benefit to exceed our limits, we reserve the right to return premiums or distribute a portion of the policy value so that the resulting amount of insurance is maintained within our limits. Alternatively, if we should decide to accept the additional amount of insurance, we may require additional evidence of insurability.

**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.

**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** 

Subject to the limitations stated in this prospectus, you may, upon written request, increase or decrease the Face Amount of the policy. We reserve the right to limit a change in Face Amount so as to prevent the policy from failing to qualify as life insurance for tax purposes.

**Increase in Face Amount.** You may increase the Face Amount once each policy year after the first policy year. Any increase in Face Amount must be at least $50,000 or such other minimum Face Amount increase as we may establish on 90 days written notice to you. An increase will become effective at the beginning of the policy month following the date we approve the

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requested increase. Increases in Face Amount are subject to satisfactory evidence of insurability. We reserve the right to refuse a requested increase if the Life Insured's Attained Age at the effective date of the increase would be greater than the maximum issue age for new policies at that time.

**New Surrender Charges for an Increase.** An increase in Face Amount will usually result in the policy being subject to new surrender charges. The new surrender charges will be computed as if a new policy were being purchased for the increase in Face Amount. Surrender charges will not apply to premiums attributable to the new Face Amount that are in excess of the Surrender Charge Premium Limit. There will be no new surrender charges associated with restoration of a prior decrease in Face Amount. As with the purchase of a policy, a policy owner will have a Right to Examine period with respect to any increase resulting in new surrender charges.

An additional premium may be required for a Face Amount increase, and a new No-Lapse Guarantee Premium will be determined, if the No-Lapse Guarantee is in effect at the time of the Face Amount increase.

**Increase with Prior Decrease.** If at the time of the increase there have been prior decreases in Face Amount, these prior decreases will be restored first. The insurance coverage eliminated by the decrease of the oldest Face Amount will be deemed to be restored first.

Changing both the Face Amount and the death benefit option. If you request to change both the Face Amount and the death benefit option in the same month, the death benefit option change shall be deemed to occur first.

**Decreases in Face Amount.** Decreases in Face Amount may be made once each policy year after the first policy year. Any decrease in Face Amount must be at least $50,000 or such other minimum Face Amount decrease as we may establish on 90 days written notice to you. A written request from a policy owner for a decrease in the Face Amount will be effective at the beginning of the policy month following the date we approve the requested decrease. If there have been previous increases in Face Amount, the decrease will be applied to the most recent increase first and then to the next most recent increases successively. Decreases in Face Amount shall not be permitted to the extent that they would cause the policy to fall below the minimum Face Amount of $100,000. For information on surrender charges on a decrease in Face Amount, see "Charges and Deductions—Surrender Charges."

**Factors that affect the death benefit.** In the case of death benefit Option 2 where the death benefit is the Face Amount plus the policy value, changes in the policy value will affect the amount of death benefit. Factors that affect the policy value are the investment performance of the variable investment options chosen by you and the charges deducted. For a discussion of how these factors affect policy value see the "Summary of Benefits and Risks." These factors do not affect the Face Amount of the policy. Therefore, the amount of death benefit under Option 1 will not be less than the Face Amount as long as the policy does not lapse.

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

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

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

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**Surrenders and Withdrawals** 

**Surrender and Withdrawal** 

A policy may be surrendered for its Net Cash Surrender Value at any time while the Life Insured is living. The Net Cash Surrender Value is equal to the policy value less any surrender charges and outstanding monthly deductions due (the "Cash Surrender Value") minus the Policy Debt. If there have been any prior Face Amount increases, the surrender charge will be the sum of the surrender charge for the initial Face Amount plus the surrender charge for each increase. The Net Cash Surrender Value will be determined as of the end of the Business Day on which we receive the policy and your written request for surrender at our Service Office. After a policy is surrendered, the insurance coverage and all other benefits under the policy will terminate.

You may make a partial withdrawal of the Net Cash Surrender Value once each policy month after the first policy anniversary. You may specify the portion of the withdrawal to be taken from each investment account and the fixed account. In the absence of instructions, the withdrawal will be allocated among such accounts in the same proportion as the policy value in each account bears to the net policy value. For information on surrender charges on a partial withdrawal, see "Charges and Deductions—Surrender Charges."

**Withdrawals will be limited if they would otherwise cause the Face Amount to fall below $100,000.** 

Reduction in Face Amount due to a partial withdrawal. If death benefit Option 1 is in effect when a partial withdrawal is made and the death benefit equals the Face Amount, the Face Amount of the policy will be reduced by the amount of the withdrawal plus any applicable surrender charge. Otherwise, if the death benefit is the Minimum Death Benefit as described under "Death Benefit—Minimum Death Benefit," the Face Amount will be reduced by the amount, if any, by which the withdrawal plus the pro-rata surrender charge exceeds the difference between the death benefit and the Face Amount.

**If death benefit Option 2 is in effect, partial withdrawals do not affect the Face Amount of a policy.** 

When the Face Amount of a policy is based on one or more increases subsequent to issuance of the policy, a reduction resulting from a partial withdrawal will be applied in the same manner as a requested decrease in Face Amount, i.e., against the Face Amount provided by the most recent increase, then against the next most recent increases successively and finally against the initial Face Amount.

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**Loans** 

**Availability of Loans, Limitations and Interest** 

While a policy is in force and has an available loan value, a policy owner may borrow against the policy value in an amount not to exceed the maximum loanable amount. The policy serves as the only security for the loan. Policy loans may have tax consequences. See "Taxes—Policy Loans."

A policy loan will have an effect on future policy values, since that portion of the policy value in the loan account will increase in value at the crediting interest rate rather than varying with the performance of the underlying portfolios or increasing in value at the rate of interest credited for amounts allocated to the fixed account. A policy loan may cause a policy to be more susceptible to going into default since a policy loan will be reflected in the Net Cash Surrender Value. See "Lapse and Reinstatement." In addition, a policy loan may result in a policy's failing to satisfy the No-Lapse Guarantee Cumulative Premium Test since the Policy Debt is subtracted from the sum of the premiums paid in determining whether this test is satisfied. Finally, a policy loan will affect the amount payable on the death of the Life Insured, since the death benefit is reduced by the Policy Debt at the date of death in arriving at the insurance benefit.

Interest on the Policy Debt will accrue daily and be payable annually on the policy anniversary. During the first 10 policy years, the rate of interest charged will be an effective annual rate of 5.25%. Thereafter, the rate of interest charged will be an effective annual rate of 4%. The actual rate charged is equal to the Loan Interest Credited Differential, which is currently 1.25% during the first ten policy years and 0% thereafter, and is guaranteed not to exceed 1.25% during the first ten policy years and 0.5% thereafter. We may change the Loan Interest Credited Differential as of 90 days after sending you written notice of such change.

For a policy that is not a modified endowment contract ("MEC"), the tax consequences associated with a Loan Interest Credited Differential of 0% are unclear. You should consult a tax advisor before effecting a loan to evaluate the tax consequences that may arise in such a situation. If we determine, in our sole discretion, that there is a substantial risk that a loan will be treated as a taxable distribution under federal tax law as a result of the differential between the credited interest rate and the loan interest rate, we retain the right to increase the loan interest rate to an amount that would result in the transaction being treated as a loan under federal tax law.

If the interest due on a policy anniversary is not paid, the interest will be borrowed against the policy and added to the Policy Debt. Interest on the Policy Debt will continue to accrue daily if there is an outstanding loan when monthly deductions and premium payments cease at the Life Insured's Attained Age 100. The policy will go into default at any time the Policy Debt exceeds the policy value. At least 61 days prior to termination, we will send you a notice of the pending termination. Payment of interest on the Policy Debt during the 61 day grace period will bring the policy out of default.

When a loan is made, an amount equal to the loan principal, plus interest to the next policy anniversary, will be deducted from the investment accounts or the fixed account and transferred to the loan account. Amounts transferred into the loan account cover the loan principal plus loan interest due to the next policy anniversary. You may designate how the amount to be transferred to the loan account is allocated among the accounts from which the transfer is to be made. In the absence of instructions, the amount to be transferred will be allocated to each account in the same proportion as the value in each investment account and the fixed account bears to the net policy value. A transfer from an investment account will result in the cancellation of units of the underlying sub- account equal in value to the amount transferred from the investment account. However, since the loan account is part of the policy value, transfers made in connection with a loan will not change the policy value.

Interest credited to the loan account. Interest is currently credited to amounts in the loan account at an effective annual rate of 4%. This rate is guaranteed not to be less than 3.5%.

Loan account adjustments. On each policy anniversary the difference between the loan account and the Policy Debt is transferred to the loan account from the investment accounts or the fixed account. Amounts transferred to the loan account will be taken from the investment accounts and the fixed account in the same proportion as the value in each investment account and the fixed account bears to the net policy value.

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

Amounts in the loan account do not participate in the investment experience of the variable investment accounts or the fixed account, and therefore loans can affect the policy value and death benefit whether or not the loan is repaid. The policy value, the net cash surrender value, and any death benefit are permanently affected by any loan, whether or not it is repaid in whole or in part. This is because the variable investment accounts or any fixed account and the special loan account will generally have different rates of investment return.

**Other Effects of Loans** 

Taking a loan on the policy increases the risk that the policy may lapse because of the difference between the interest rate charged on the loan and the interest rate credited to the special loan account. When a loan is outstanding, the amount in the loan account is not available to help pay for any policy charges. If, after deducting your policy loan, there is not enough net cash surrender value to cover the policy charges, your policy could lapse.

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

**Loan Repayments** 

You may repay the Policy Debt in whole or in part at any time prior to the death of the Life Insured, provided that the policy is in force. When a repayment is made, the amount is credited to the loan account and transferred to the fixed account or the investment accounts. We will allocate loan repayments first to the fixed account until the amount of the loan account associated with the fixed account is reduced to zero and then to each investment account in the same proportion as the value in the loan account associated with that investment account bears to the value of the loan account.

Amounts paid to us not specifically designated in writing as loan repayments will be treated as premiums. Where permitted by applicable state law, when a portion of the loan account amount is allocated to the fixed account, we may require that any amounts paid to it be applied to outstanding loan balances.

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**Other Benefits Available Under the Policy** 

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

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| | | |
|:---|:---|:---|
| **STANDARD BENEFITS** | **STANDARD BENEFITS** | **STANDARD BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Dollar cost averaging | &nbsp;&nbsp; Under the dollar cost averaging program, you will <br> designate an amount that will be transferred <br> monthly from one variable investment account into <br> any other variable investment account or a fixed <br> 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 policy <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>|
| Optional Term Rider | &nbsp;&nbsp; Provides an additional insurance amount which is <br> level term life insurance. The benefit of the Term <br> Insurance Rider is that the cost of insurance will <br> always be less than or equal to the cost of insurance <br> under the policy.<br>| &nbsp;&nbsp; Unlike the death benefit under the policy, the death <br> benefit under the Term Insurance Rider is not <br> protected by the no-lapse guarantee after the second <br> policy year and terminates at age 100.<br>|
| Cash Value Enhancement <br> Rider<br>| &nbsp;&nbsp; The Cash Surrender Value of a policy is enhanced <br> during the period for which surrender charges are <br> applicable by reducing the surrender charge that <br> would otherwise have applied upon policy <br> surrender or lapse. Under the Cash Value <br> Enhancement Plus Rider, there will be no surrender <br> charge. The decision to add one of these two riders <br> must be made at issuance of the policy and, once <br> made, is irrevocable. Adding either of these riders <br> may result in different premium and asset-based <br> risk charges under the policy.<br>| &nbsp;&nbsp; The Cash Value Enhancement Rider does not apply <br> to reduce surrender charges payable upon decreases <br> in Face Amount or partial withdrawals. The <br> decision to add this rider must be made at issuance <br> of the policy and, once made, is irrevocable. Adding <br> this rider may result in different premium and asset-<br> based risk charges under the policy.<br>|
| Cash Value Enhancement <br> Plus Rider<br>| &nbsp;&nbsp; Under the Cash Value Enhancement Plus Rider, <br> there will be no surrender charge.<br>| &nbsp;&nbsp; The decision to add this rider must be made at <br> issuance of the policy and, once made, is <br> irrevocable. Adding this rider may result in <br> different premium and asset-based risk charges <br> under the policy.<br>|
| Return of Premium Rider | &nbsp;&nbsp; Provides an additional death benefit payable upon <br> the death of the insured person. The Return of <br> Premium death benefit is equal to the initial <br> premium. Any subsequent premiums will increase <br> the Return of Premium death benefit at the time of <br> the premium payment by the amount of the <br> premium.<br>| &nbsp;&nbsp; This benefit is available to you only if you elect <br> death benefit Option 1. Any partial withdrawal will <br> reduce the Return of Premium death benefit at the <br> time of withdrawal by an amount equal to the <br> withdrawal plus any applicable surrender charge <br> (except that the rider death benefit will not be <br> reduced to less than zero). The Return of Premium <br> Rider death benefit is not protected by the no-lapse <br> guarantee after the second policy year.<br>|

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**More About Certain Optional Benefits** 

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

**• <u>Optional Term Rider.</u>** The policy may be issued with an optional Term Insurance Rider which provides an additional insurance amount which is level term life insurance. The benefit of the Term Insurance Rider is that the cost of insurance will always be less than or equal to the cost of insurance under the policy. However, unlike the death benefit under the policy, the death benefit under the Term Insurance Rider is not protected by the no-lapse guarantee after the second policy year and terminates at age 100.

**• <u>Cash Value Enhancement Riders.</u>** The policy may be issued with one of two optional cash value enhancement riders. The benefit of these riders is that the Cash Surrender Value of a policy is enhanced during the period for which surrender charges are applicable. Under the Cash Value Enhancement Rider, the enhancement is provided by reducing the surrender charge that would otherwise have applied upon policy surrender or lapse. The Cash Value Enhancement Rider does not apply to reduce surrender charges payable upon decreases in Face Amount or partial withdrawals. Under the Cash Value Enhancement Plus Rider, there will be no surrender charge. The decision to add one of these two riders must be made at issuance of the policy and, once made, is irrevocable. Adding either of these riders may result in different premium and asset-based risk charges under the policy.

**• Return of Premium Rider.** If death benefit Option 1 is elected, the policy may be issued with an optional Return of Premium Rider. This rider provides an additional death benefit payable upon the death of the Life Insured after the Company receives due proof of death. The Return of Premium death benefit is equal to the initial premium. Any subsequent premiums will increase the Return of Premium death benefit at the time of the premium payment by the amount of the premium. Any partial withdrawal will reduce the Return of Premium death benefit at the time of withdrawal by an amount equal to the withdrawal plus any applicable surrender charge (except that the rider death benefit will not be reduced to less than zero). The Return of Premium Rider death benefit is not protected by the no-lapse guarantee after the second policy year.

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**Taxes** 

This description of Federal income tax consequences is only a brief summary and is neither exhaustive nor authoritative. It was written to support the promotion of our products. It does not constitute legal or tax advice, and it is not intended to be used and cannot be used to avoid any penalties that may be imposed on you. Tax consequences will vary based on your own particular circumstances, and for further information you should consult a qualified tax adviser. 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.

**General** 

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.

**Death Benefit Proceeds and Other Policy Distributions** 

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 policy value are ordinarily not subject to income tax as long as we don't pay them out to you. If we do pay out any amount of your policy value upon surrender or partial withdrawal, all or part of that distribution would generally be treated as a return of the premiums you've paid and not subjected to income tax. Any portion not treated as a return of your premiums would be includible in your income.

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. Amounts you borrow are generally not taxable to you.

However, 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. (See "7-pay Premium Limit and Modified Endowment Contract Status" below.)

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 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. These tests limit the amount of premium that you may pay into the policy. We will monitor compliance with these standards. If we determine that a policy does not satisfy section 7702, we may take whatever steps are appropriate and reasonable to bring it into compliance with section 7702.

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 Internal Revenue Code. (As noted above, a transfer of the policy for valuable consideration may limit the exclusion of death benefits from the beneficiary's income.)

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Increases in policy 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, death benefit option changes, and distributions 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 7702. 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).

Distributions for tax purposes include amounts received upon surrender or partial withdrawals and may include the charges for certain supplementary benefit riders. 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.

It is possible that, despite our monitoring, a policy might fail to qualify as a life insurance contract under the Internal Revenue 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 Internal Revenue 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.

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.

Because there may be unfavorable tax consequences (including recognition of taxable income and the loss of income tax-free treatment for any death benefit payable to the beneficiary), you should consult a qualified tax adviser prior to changing the policy's ownership or making any assignment of ownership interests.

**Policy Loans** 

We expect that, except as noted below (see "7-pay Premium Limit and Modified Endowment Contract Status"), loans received under the policy will be treated as indebtedness of an owner and that no part of any loan will constitute income to the owner. However, if the policy terminates for any reason other than the payment of the death benefit, an amount equal to any outstanding loan that was not previously considered income will be treated as if it had been distributed to the owner upon such termination. This could result in a considerable tax bill. Under certain circumstances involving large amounts of outstanding loans, you might find yourself having to choose between high premiums required to keep your policy from lapsing and a significant tax burden if you allow the lapse to occur.

**Diversification Rules and Ownership of the Separate Account** 

Your policy will not qualify for the tax benefits of a life insurance contract unless the Separate Account follows certain rules requiring diversification of investments underlying the policy. In addition, the rules require that the policy owner not have "investor control" over the underlying assets.

In certain circumstances, the owner of a variable life insurance policy may be considered the owner, for Federal income tax purposes, of the assets of the Separate Account used to support the policy. In those circumstances, income and gains from the Separate Account assets would be includible in the policy owner's gross income. The Internal Revenue Service ("IRS") has stated in published rulings that a variable policy owner will be considered the owner of Separate Account assets if the policy owner possesses incidents of ownership in those assets, such as the ability to exercise investment control over the assets. A Treasury Decision issued in 1986 (T.D. 8101) stated that guidance would be issued in the form of regulations or rulings on "the extent to which policyholders may direct their investments to particular sub-accounts of a Separate Account without

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being treated as owners of the underlying assets." As of the date of this prospectus, no comprehensive guidance on this point has been issued. In Rev. Rul. 2003-91, however, the IRS ruled that a contract holder would not be treated as the owner of assets underlying a variable life insurance or annuity contract despite the owner's ability to allocate funds among as many as twenty subaccounts.

The ownership rights under your policy are similar to, but different in certain respects from, those described in IRS rulings in which it was determined that policyholders were not owners of Separate Account assets. Since you have greater flexibility in allocating premiums and policy values than was the case in those rulings, it is possible that you would be treated as the owner of your policy's proportionate share of the assets of the Separate Account.

We do not know what future Treasury Department regulations or other guidance may require. We cannot guarantee that the funds will be able to operate as currently described in the series funds' prospectuses, or that a series fund will not have to change any fund's investment objectives or policies. We have reserved the right to modify your policy if we believe doing so will prevent you from being considered the owner of your policy's proportionate share of the assets of the Separate Account, but we are under no obligation to do so.

**7-pay Premium Limit and Modified Endowment Contract Status** 

At the time of policy issuance, we will determine whether the Planned Premium schedule will exceed the 7-pay limit discussed below. If so, our standard procedures prohibit issuance of the policy unless you sign a form acknowledging that fact.

The 7-pay limit at any time during the first seven contract years is the total of net level premiums that would have been payable at or before that time under a comparable fixed policy that would be fully "paid-up" after the payment of seven equal annual premiums. "Paid-up" means that no further premiums would be required to continue the coverage in force until maturity, based on certain prescribed assumptions. If the total premiums paid at any time during the first seven policy years exceed the 7-pay limit, the policy will be treated as a modified endowment contract, which can have adverse tax consequences.

**Policies classified as modified endowment contracts are subject to the following tax rules:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First, all withdrawals from such a policy are treated as ordinary income subject to tax up to the amount equal to the excess (if any) of the policy value immediately before the withdrawal over the investment in the policy at such time. If you own any other modified endowment contracts issued to you in the same calendar year by the same insurance company or its affiliates, their values will be combined with the value of the policy from which you take the withdrawal for purposes of determining how much of the withdrawal is taxable as ordinary income.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Second, loans taken from or secured by such a policy and assignments or pledges of any part of its value are treated as partial withdrawals from the policy and taxed accordingly. Past-due loan interest that is added to the loan amount is treated as an additional loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Third, a 10% additional penalty tax is imposed on the portion of any distribution (including distributions on surrender) from, or loan taken from or secured by, such a policy that is included in income except where the distribution or loan:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is made on or after the date on which the policy owner attains age 591/2 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• is attributable to the policy owner becoming disabled.

These exceptions to the 10% additional tax do not apply in situations where the policy is not owned by an individual.

Furthermore, any time there is a "material change" in a policy, the policy will begin a new 7-pay testing period as if it were a newly- issued policy. The material change rules for determining whether a policy is a modified endowment contract are complex. In general, however, the determination of whether a policy will be a modified endowment contract after a material change depends upon the relationship among the death benefit of the policy at the time of such change, the policy value at the time of the change, and the additional premiums paid into the policy during the seven years starting with the date on which the material change occurs.

Moreover, under a policy insuring a single life, if there is a reduction in benefits (such as a reduction in the death benefit or the reduction or cancellation of certain rider benefits) during a 7-pay testing period, the 7-pay limit will generally be recalculated based on the reduced benefits and the policy will be re-tested from the beginning of the 7-pay testing period using

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the lower limit. If the premiums paid to date at any point during the 7-pay testing period are greater than the recalculated 7-pay limit, the policy will become a modified endowment contract. If your policy is a survivorship policy, a reduction in benefits under the policy at any time will require re-testing.

For such a policy the 7-pay limit will generally be recalculated based on the reduced benefits and the policy will be re-tested, using the lower limit, from the date it was issued. You should consult your tax adviser if you have questions regarding the possible impact of the 7-pay limit on your policy.

If your policy is issued as a result of an exchange subject to section 1035 of the Internal Revenue Code, it may be considered to be a modified endowment contract if the death benefit under the new policy is smaller than the death benefit under the exchanged policy, or if you reduce coverage in your new policy after it is issued. Therefore, if you desire to reduce the face amount as part of a 1035 exchange, a qualified tax adviser should be consulted for advice. A new policy issued in exchange for a modified endowment contract will also be a modified endowment contract regardless of any change in the death benefit.

All modified endowment contracts issued by the same insurer (or its affiliates) to the same owner during any calendar year generally are required to be treated as one contract for the purpose of applying the rules on taxation of withdrawals from modified endowment contracts. You should consult your tax adviser if you have questions regarding the possible impact of the 7-pay limit on your policy.

**Corporate and H.R. 10 Retirement Plans** 

The policy may be acquired in connection with the funding of retirement plans satisfying the qualification requirements of section 401 of the Internal Revenue Code. If so, the Internal Revenue Code provisions relating to such plans and life insurance benefits thereunder should be carefully scrutinized. We are not responsible for compliance with the terms of any such plan or with the requirements of applicable provisions of the Internal Revenue Code.

**Withholding** 

To the extent that policy distributions to you are taxable, they are generally subject to withholding for your Federal income tax liability. However if you reside in the United States, you can generally choose not to have tax withheld from distributions. Electing to have no withholding will not reduce your tax liability and may expose you to penalties under the rules governing payment of estimated taxes.

**Life Insurance Purchases by Residents of Puerto Rico** 

In Rev. Rul. 2004-75, 2004-31 I.R.B. 109, the Internal Revenue Service ruled that income received by residents of Puerto Rico under a life insurance policy issued by a United States company is U.S.-source income that is subject to United States Federal income tax.

**Life Insurance Purchases by Non-resident Aliens** 

If you are not a U.S. citizen, U.S. resident alien or other U.S. person, you will generally be subject to U.S. Federal withholding tax on taxable distributions from life insurance policies at a 30% rate, unless a lower treaty rate applies. In addition, you may be subject to state and/or municipal taxes and taxes imposed by your country of citizenship or residence. You should consult with a qualified tax adviser before purchasing a policy.

**Life Insurance Owned by Citizens or Residents Living Abroad** 

If you are a U.S. citizen or permanent resident living outside the United States, you are still subject to income taxation by the United States. Since many countries tax on the basis of domicile, you may also be subject to tax in the country or territory in which you are living. The tax-deferred accumulation of gain that a life insurance policy provides under United States tax law may not be available under the tax laws of the country in which you are living. If you are living outside the United States or planning to do so, you should consult with a qualified tax adviser before purchasing or retaining ownership of a policy. If your policy is issued as a result of an exchange of a policy owned or issued outside the United States, the country or territory in which you reside may still tax you on the surrender of the policy replaced through the exchange. You should consult with a qualified tax adviser before exchanging your policy issued outside of the United States for one issued within the United States.

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**Principal Risks of Investing in the Policy** 

**Lapse Risk** 

If the net cash surrender value is insufficient to pay the charges when due and the no-lapse guarantee is not in effect, your policy can terminate (i.e., "lapse"). For example, this can happen because you haven't paid enough premium, because the performance of the variable investment or general account options you've chosen has been poor or because of a combination of all factors. Since withdrawals and policy charges reduce your policy value, these also increase the risk of lapse. Policy loans also increase the risk of lapse. There is no guarantee that your policy will not lapse even if you pay your planned premium.

**Investment Risk/Risk of Loss** 

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

An investment in a policy is also subject to risks related to John Hancock USA, including that the obligations (including under the fixed account), guarantees, or benefits are subject to the claims-paying ability of John Hancock USA. Information about John Hancock USA, including its financial strength ratings, is available upon request from your John Hancock USA representative. Our current financial strength ratings can also be obtained by contacting the Service Office at 1-800-732-5543.

**Transfer Risk** 

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

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

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

This policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. There are surrender charges assessed if you surrender your policy in the first fifteen policy years. Depending on the policy value at the time you are considering surrender, there may be little or no surrender value payable to you.

**Tax Risks** 

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

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

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

**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 policy 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>Sales charge.</u>** During the first 10 policy years, we deduct a sales charge from each premium payment equal to 7.5% of the premium. Thereafter, the sales charge is equal to 5% of the premium. The sales charge is paid to us and is designed to cover a portion of our acquisition and sales expenses and premium and federal DAC taxes. Premium taxes vary from state to state, ranging from 0% to 3.5%.

**Deductions from policy value.** 

**<u>Surrender charges.</u>** We will deduct a surrender charge if, during the first 15 years (or during the shorter periods noted below) following the Policy Date or the effective date of a Face Amount increase:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the policy is surrendered for its Net Cash Surrender Value,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• a partial withdrawal is made,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the Face Amount is decreased in excess of the Surrender Charge Decrease Exemption, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the policy lapses.

Unless otherwise allowed by us and specified by you, the surrender charge is deducted from the amount to be paid to the policy owner upon surrender or lapse of the policy or if a partial withdrawal is made.

The surrender charge, together with a portion of the sales charge, is paid to us and is designed to compensate us for some of the expenses we incur in selling and distributing the policies, including agents' commissions, advertising, agent training and the printing of prospectuses and sales literature. The surrender charge is calculated separately for the initial Face Amount and each Face Amount increase.

The Surrender Charge Period varies based on the age of the Life Insured on the date of issuance of the policy or the date of any Face Amount increase (as applicable) as follows:

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| | |
|:---|:---|
| **Age** | **Surrender Charge Period** |
| 0-50 | &nbsp;&nbsp; 15 Years |
| 51 | &nbsp;&nbsp; 14 Years |
| 52 | &nbsp;&nbsp; 13 Years |
| 53 | &nbsp;&nbsp; 12 Years |
| 54 | &nbsp;&nbsp; 11 Years |
| 55+ | &nbsp;&nbsp; 10 Years |

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The surrender charge is the sum of (i) plus (ii), multiplied by (iii), multiplied by the applicable Grading Percentage, where:

(i) is the rate per $1000 of initial Face Amount (or Face Amount increase);

&nbsp;&nbsp;&nbsp;&nbsp;(ii) is 120% of the lesser of (a) the premiums paid in the first policy year per $1000 of initial Face Amount (or the premiums attributable to each $1000 of Face Amount increase in the first year following the increase) or (b) the Surrender Charge Premium Limit set out in the policy for the initial Face Amount (or furnished by the Company with respect to a Face Amount increase); and

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

(iii) is the initial Face Amount (or the Face Amount increase) divided by 1000.

The rate per $1000 of initial Face Amount is based on the Life Insured's Age at issuance of the policy and the death benefit option in effect. The rate per $1000 of Face Amount increase is based on the Life Insured's Attained Age and the death benefit option in effect at the time of an increase. The rates per $1000 are set forth in the following table.

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| | | |
|:---|:---|:---|
| **Table of Guaranteed Surrender Charge Rates** <br> **Per $1000 of Face Amount or Face Amount** <br> **Increase**<br>| **Death**<br> **Benefit**<br> **Option 1** | **Death**<br> **Benefit**<br> **Option 2** |
| **Age at Issuance or Attained Age at Increase** | **Death**<br> **Benefit**<br> **Option 1** | **Death**<br> **Benefit**<br> **Option 2** |
| 25 or less | &nbsp;&nbsp; $7.54 | &nbsp;&nbsp; $6.50 |
| 26 – 35 | &nbsp;&nbsp; $6.61 | &nbsp;&nbsp; $5.78 |
| 36 – 45 | &nbsp;&nbsp; $6.09 | &nbsp;&nbsp; $4.85 |
| 46 – 55 | &nbsp;&nbsp; $4.13 | &nbsp;&nbsp; $4.65 |
| 56 – 65 | &nbsp;&nbsp; $2.99 | &nbsp;&nbsp; $1.96 |
| 66+ | &nbsp;&nbsp; $2.48 | &nbsp;&nbsp; $1.96 |

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The Grading Percentage varies with the policy month in which the transaction causing the assessment of the surrender charge occurs. As indicated in the following table, the Grading Percentage starts at 100% for the first policy month and grades down evenly each policy month reaching zero at the end of a maximum of 15 years.

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Grading Percentages During The Surrender Charge Period**<br> **(Applicable to the Initial Face Amount and Subsequent Increases)**<br> **The Grading Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period**<br> **(Applicable to the Initial Face Amount and Subsequent Increases)**<br> **The Grading Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period**<br> **(Applicable to the Initial Face Amount and Subsequent Increases)**<br> **The Grading Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period**<br> **(Applicable to the Initial Face Amount and Subsequent Increases)**<br> **The Grading Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period**<br> **(Applicable to the Initial Face Amount and Subsequent Increases)**<br> **The Grading Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period**<br> **(Applicable to the Initial Face Amount and Subsequent Increases)**<br> **The Grading Percentages Will Not Exceed The Following:** | **Grading Percentages During The Surrender Charge Period**<br> **(Applicable to the Initial Face Amount and Subsequent Increases)**<br> **The Grading Percentages Will Not Exceed The Following:** |
| **Surrender Charge Period\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** | **Age and Grading Percentage\*\*** |
| **Surrender Charge Period\*** | **0-50** | **51** | **52** | **53** | **54** | **55+** |
| 1 | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% | &nbsp;&nbsp; 100% |
| 2 | &nbsp;&nbsp; 93% | &nbsp;&nbsp; 93% | &nbsp;&nbsp; 92% | &nbsp;&nbsp; 92% | &nbsp;&nbsp; 91% | &nbsp;&nbsp; 90% |
| 3 | &nbsp;&nbsp; 87% | &nbsp;&nbsp; 86% | &nbsp;&nbsp; 85% | &nbsp;&nbsp; 83% | &nbsp;&nbsp; 82% | &nbsp;&nbsp; 80% |
| 4 | &nbsp;&nbsp; 80% | &nbsp;&nbsp; 79% | &nbsp;&nbsp; 77% | &nbsp;&nbsp; 75% | &nbsp;&nbsp; 73% | &nbsp;&nbsp; 70% |
| 5 | &nbsp;&nbsp; 73% | &nbsp;&nbsp; 71% | &nbsp;&nbsp; 69% | &nbsp;&nbsp; 67% | &nbsp;&nbsp; 64% | &nbsp;&nbsp; 60% |
| 6 | &nbsp;&nbsp; 67% | &nbsp;&nbsp; 64% | &nbsp;&nbsp; 62% | &nbsp;&nbsp; 58% | &nbsp;&nbsp; 55% | &nbsp;&nbsp; 50% |
| 7 | &nbsp;&nbsp; 60% | &nbsp;&nbsp; 57% | &nbsp;&nbsp; 54% | &nbsp;&nbsp; 50% | &nbsp;&nbsp; 45% | &nbsp;&nbsp; 40% |
| 8 | &nbsp;&nbsp; 53% | &nbsp;&nbsp; 50% | &nbsp;&nbsp; 46% | &nbsp;&nbsp; 42% | &nbsp;&nbsp; 36% | &nbsp;&nbsp; 30% |
| 9 | &nbsp;&nbsp; 47% | &nbsp;&nbsp; 43% | &nbsp;&nbsp; 38% | &nbsp;&nbsp; 33% | &nbsp;&nbsp; 27% | &nbsp;&nbsp; 20% |
| 10 | &nbsp;&nbsp; 40% | &nbsp;&nbsp; 36% | &nbsp;&nbsp; 31% | &nbsp;&nbsp; 25% | &nbsp;&nbsp; 18% | &nbsp;&nbsp; 10% |
| 11 | &nbsp;&nbsp; 33% | &nbsp;&nbsp; 29% | &nbsp;&nbsp; 23% | &nbsp;&nbsp; 17% | &nbsp;&nbsp;&nbsp; 9% | &nbsp;&nbsp;&nbsp; 0% |
| 12 | &nbsp;&nbsp; 27% | &nbsp;&nbsp; 21% | &nbsp;&nbsp; 15% | &nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp; 0% |  |
| 13 | &nbsp;&nbsp; 20% | &nbsp;&nbsp; 14% | &nbsp;&nbsp;&nbsp; 8% | &nbsp;&nbsp;&nbsp; 0% |  |  |
| 14 | &nbsp;&nbsp; 13% | &nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp; 0% |  |  |  |
| 15 | &nbsp;&nbsp;&nbsp; 7% | &nbsp;&nbsp;&nbsp; 0% |  |  |  |  |
| 16 | &nbsp;&nbsp;&nbsp; 0% |  |  |  |  |  |

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*\* The Grading Percentages shown are at the beginning of each policy year. Proportionate Grading Percentages apply for other policy months.* 

*\*\* Age for the initial Face Amount refers to the Age at Policy Date. For a subsequent Face Amount increase, Age refers to the Attained Age at the time of the increase.* 

**<u>Illustration of Surrender Charge Calculation</u>** 

Assumptions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 45 year old

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• death benefit Option 1

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• $20,000 in premiums have been paid on the policy in the first policy year

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Surrender Charge Premium Limit for the policy is $16.06 per thousand of Face Amount

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Face Amount of the policy at issue is $500,000 and no increases have occurred

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• policy is surrendered during the first month of the first policy year.

**<u>Surrender Charge.</u>** The surrender charge to be assessed would be $12,680 determined as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First, the applicable rate per $1000 of initial Face Amount as set forth in the table above ($6.09) is added to 120% of the lesser of the premiums paid per $1000 of initial Face Amount or the Surrender Charge Premium Limit.

$6.09 plus (120%) x [the lesser of $20,000/(500,000/1000) or $16.06] = $25.36.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Next, this figure is multiplied by the initial Face Amount divided by 1000.

$25.36 x [500,000/1000 or 500] = $12,680.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Finally, the figure obtained in step 2 is multiplied by the applicable Grading Percentage for the first month of the first policy year (100%).

$12,680 x 100% = $12,680.

Depending upon the Face Amount of the policy, the Age of the Life Insured at issuance, premiums paid under the policy and the performance of the underlying investment options, the policy may have no Cash Surrender Value and, therefore, the policy owner may receive no surrender proceeds upon surrendering the policy.

**<u>Surrender charges on a partial withdrawal.</u>** A partial withdrawal made during the Surrender Charge Period will result in the assessment of a pro-rata portion of the surrender charges to which the policy is subject. The portion of the surrender charges assessed will be based on the ratio of the amount of the withdrawal to the Net Cash Surrender Value of the policy as of the date of the withdrawal. It will equal (a) divided by (b), multiplied by (c), where:

(a) is the amount of the partial Net Cash Surrender Value withdrawal;

(b) is the Net Cash Surrender Value prior to the withdrawal; and

(c) is the current total surrender charge prior to the withdrawal.

The surrender charges will be deducted from the policy value at the time of the partial withdrawal on a pro-rata basis from each of the investment accounts and the fixed account unless you direct that the surrender charges be deducted from one or more investment accounts or the fixed account. If the amount in the accounts is not sufficient to pay the surrender charges assessed, then the amount of the withdrawal will be reduced.

Whenever a portion of the surrender charges is deducted as a result of a partial withdrawal, the policy's remaining surrender charges will be reduced in the same proportion that the surrender charge deducted bears to the total surrender charge immediately before the partial withdrawal.

**<u>Surrender charge on decrease in Face Amount.</u>** If the Face Amount of insurance is decreased, a pro-rata surrender charge will be deducted from the policy value for decreases in excess of the Surrender Charge Decrease Exemption. A decrease in Face Amount caused by a change from death benefit Option 1 to Option 2 will not incur a pro-rata surrender charge. Each time a pro-rata surrender charge is deducted for a Face Amount decrease, the remaining surrender charge will be reduced in the same proportion that the surrender charge deducted bears to the total surrender charge immediately before the Face Amount decrease.

The Surrender Charge Decrease Exemption is 10% of the initial Face Amount. Once cumulative Face Amount decreases exceed 10% of the initial Face Amount, the Surrender Charge Decrease Exemption no longer applies and a surrender charge will be applied to Face Amount decreases in excess of the exemption amount. This amount is set at issuance of the policy and applies to decreases in the initial Face Amount of insurance only. This exemption does not apply to a full surrender of the policy or a partial withdrawal of Net Cash Surrender Value.

**<u>Administration charge.</u>** The administration charge is paid to us and is designed to cover certain administrative expenses associated with the policy, including maintaining policy records, collecting premiums and processing death claims, surrender and withdrawal requests and various changes permitted under the policy. During the first 5 policy years, this monthly charge will be $40. For all subsequent policy years, the monthly administration charge will be $20.

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**<u>Face Amount charge.</u>** There is a monthly charge per $1000 Face Amount that is paid to us. The monthly charge per $1000 of Face Amount varies by the Age of the Life Insured at issuance (or the Attained Age of the Life Insured at the time of an increase) and the death benefit option in effect as set forth in the following table. This charge applies to the Face Amount for the first 10 policy years.

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| | | |
|:---|:---|:---|
| **Age\*/Attained Age\*** | **Death Benefit Option 1**<br> **(First Ten Policy Years)**<br>| **Death Benefit Option 2**<br> **(First Ten Policy Years)**<br>|
| 25 or less | &nbsp;&nbsp; $0.08 | &nbsp;&nbsp; $0.04 |
| 35 | &nbsp;&nbsp; $0.11 | &nbsp;&nbsp; $0.06 |
| 45 | &nbsp;&nbsp; $0.22 | &nbsp;&nbsp; $0.10 |
| 55 | &nbsp;&nbsp; $0.31 | &nbsp;&nbsp; $0.17 |
| 65 | &nbsp;&nbsp; $0.60 | &nbsp;&nbsp; $0.39 |
| 75 | &nbsp;&nbsp; $0.89 | &nbsp;&nbsp; $0.61 |
| 85+ | &nbsp;&nbsp; $1.18 | &nbsp;&nbsp; $0.83 |

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*\* For ages not shown, the applicable monthly charge can be found by adjusting the above charges proportionately.* 

**<u>Cost of insurance charge.</u>** The monthly cost of insurance charge is paid to us and is determined as the rate of the cost of insurance for a specific policy month, multiplied by the net amount at risk, as described below.

**<u>Death Benefit Option 1.</u>** The net amount at risk is equal to the greater of zero or the result of (a) minus (b), where:

(a) is the Face Amount of insurance as of the first day of the policy month, divided by 1.0024663; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) is the policy value as of the first day of the policy month after the deduction of all charges other than the monthly cost of insurance charge.

**<u>Death Benefit Option 2.</u>** The net amount at risk is equal to the Face Amount of insurance as of the first day of the policy month, divided by 1.0024663.

Since the net amount at risk for death benefit Option 1 is based on a formula that includes as factors the policy value, the net amount at risk is affected by the investment performance of the underlying investment options chosen, payment of premiums and charges assessed.

The rates for the cost of insurance, as of the Policy Date and subsequently for each Face Amount increase, are based on the Life Insured's age, sex and risk classification, the duration that coverage has been in force and the net amount at risk.

We apply unisex rates where appropriate under the law. Currently unisex rates are applied to policies issued in the state of Montana and for policies purchased by employers and employee organizations in connection with employment-related insurance or benefit programs.

The cost of insurance charges reflect our expectations as to future mortality experience. The rates may be re-determined from time to time on a basis which does not unfairly discriminate within any class of the life insured. In no event will the cost of insurance charges exceed the guaranteed rates set forth in the policy except to the extent that an extra charge is imposed because of an Additional Rating applicable to the Life Insured. After the first policy year, the cost of insurance charge will generally increase on each policy anniversary. The guaranteed rates are based on a unismoker version of the 1980 Commissioners Smoker Distinct, age nearest birthday, mortality tables. Current cost of insurance charges may be less than the guaranteed rates.

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

**<u>Loan interest charge.</u>** We will charge interest on any amount you borrow from your policy. The interest charged on any loan is an effective annual rate of 5.25% in the first ten policy years and 4.0% thereafter.

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

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

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

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

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

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

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

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

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

**Commissions Paid to Dealers** 

We pay compensation to broker-dealers for the promotion and sale of the policies, and for providing ongoing service in relation to policies that have already been purchased. We may also pay a limited number of broker- dealers commissions or overrides to "wholesale" the policies; that is, to provide marketing support and training services to the broker- dealer firms that do the actual selling. The compensation paid to broker-dealers may vary depending on the selling agreement. The compensation paid is not expected to exceed 135% of target premium paid in the first policy year, and 5% of target premium paid in years 2-10. Compensation paid on any premium in excess of target premium will not exceed 8% in year 1 and 5% in years 2-10. 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

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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.** Unless the no-lapse guarantee is in effect, the policy will go into default at the beginning of any policy month that the policy's Net Cash Surrender Value would be zero or below after deducting the monthly deduction then due. Therefore, a policy could lapse eventually if increases in policy value (prior to deduction of policy charges) are not sufficient to cover policy charges. A lapse could have adverse tax consequences as described under "Taxes -Death Benefit Proceeds and Other Policy Distributions." We will notify you of the default and will allow a 61 day grace period in which you may make a premium payment sufficient to bring the policy out of default. The required payment will be equal to the amount necessary to bring the Net Cash Surrender Value to zero, if it was less than zero on the date of default, plus the monthly deductions due at the date of default and payable at the beginning of each of the two policy months thereafter, plus any applicable sales charge. If we do not receive the required payment by the end of the grace period, the policy will terminate with no value.

**No-lapse Guarantee.** In those states where it is permitted, as long as the No-Lapse Guarantee Cumulative Premium Test is satisfied during the No-Lapse Guarantee Period, as described below, we will guarantee that the policy will not go into default even if adverse investment experience or other factors should cause the policy's Net Cash Surrender Value to fall to zero or below during such period.

The Monthly No-Lapse Guarantee Premium is one-twelfth of the No-Lapse Guarantee Premium.

The No-Lapse Guarantee Premium is set at issuance of the policy and reflects any Additional Rating and supplementary benefits, if applicable. It is subject to change if there is (i) a change in the Face Amount of the policy, (ii) a change of the death benefit option, (iii) a decrease in the Face Amount of insurance due to a partial withdrawal, or (iv) any change in the supplementary benefits added to the policy or the risk classification of the Life Insured.

The No-Lapse Guarantee Period is described in your policy.

While the no-lapse guarantee is in effect, we will determine, at the beginning of any policy month that a policy would otherwise be in default, whether the No-Lapse Guarantee Cumulative Premium Test, described below, has been met. If the test has not been satisfied, we will notify the policy owner of that fact and allow a 61-day grace period in which you may make a premium payment sufficient to keep the policy from going into default. This required payment, as described in the notification, will be equal to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the outstanding premium requirement to satisfy the No-Lapse Guarantee Cumulative Premium Test at the date of default plus the Monthly No-Lapse Guarantee Premium due for the next two policy months, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the amount necessary to bring the Net Cash Surrender Value to zero plus the monthly deductions due, plus the next two monthly deductions plus the applicable sales charge.

If we do not receive the required payment by the end of the grace period, the no-lapse guarantee and the policy will terminate.

The No-Lapse Guarantee Cumulative Premium Test is satisfied if, as of the beginning of the policy month that your policy would otherwise be in default, the sum of all premiums paid to date, less any Policy Debt and less any gross withdrawals taken on or before the date of the test, is equal to or exceeds the sum of the Monthly No-Lapse Guarantee Premiums due from the Policy Date to the date of the test.

If the Life Insured should die during the grace period, the policy value used in the calculation of the death benefit will be the policy value as of the date of default and the insurance benefit will be reduced by any outstanding monthly deductions due at the time of death.

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**Reinstatement.** A policy owner may, by making a written request, reinstate a policy which has terminated after going into default at any time within the five-year period following the date of termination subject to the following conditions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Evidence of the Life Insured's insurability, satisfactory to the Company, is provided to the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• A premium equal to the amount that was required to bring the policy out of default immediately prior to termination, plus the amount needed to keep the policy in force to the next scheduled date for payment of the planned premium, must be paid to the Company.

If the reinstatement is approved, the date of reinstatement will be the later of the date we approve the policy owner's request or the date we receive the required payment at our Service Office. In addition, any surrender charges will be reinstated to the amount they were at the date of default. The policy value on the date of reinstatement, prior to the crediting of any Net Premium paid on the reinstatement, will be equal to the policy value on the date the policy terminated. Any Policy Debt not paid upon termination of a policy will be reinstated if the policy is reinstated.

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

**Variations** 

Insurance laws and regulations apply to us in every state in which our policies are sold. As a result, terms and conditions of your insurance coverage may vary depending on where you purchase a policy, and certain riders and options may not be available due to state insurance laws or restrictions in the state in which the policy is issued. Specific variations from the information appearing in this prospectus which are required due to insurance laws and regulations are contained in your policy, or in riders or endorsements attached to your policy. You should refer to your policy for these state specific features.

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

**Policy or Separate Account Changes** 

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

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

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

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

**When We Pay Policy Proceeds** 

As long as the policy is in force, John Hancock USA will ordinarily pay any policy loans, surrenders, partial withdrawals or insurance benefit within seven days after receipt at its Service Office of all the documents required for such a payment. 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. 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 on all amounts in John Hancock retained asset account. Please contact our Service Office for more information.

We may delay, for up to six months, the payment from the fixed account of any policy loans, surrenders, partial withdrawals, or insurance benefit. In the case of any such payments from any investment account, we may delay payment during any period during which (i) the New York Stock Exchange is closed for trading (except for normal weekend and holiday closings), (ii) trading on the New York Stock Exchange is restricted, and (iii) an emergency exists, as determined by the SEC, as a result of which disposal of securities held in the Separate Account is not reasonably practicable or it is not reasonably practicable to determine the value of the Separate Account's net assets; provided that applicable rules and regulations of the SEC shall govern as to whether the conditions described in (ii) and (iii) exist.

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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 Life Insurance Company (U.S.A.) Separate Account A, a separate account operated by us under Michigan law (the "Separate Account"). Each subaccount of the Separate Account invests its assets in one of the portfolios shown in the <u>APPENDIX</u>.

The Separate Account's assets are our property. Each policy provides that amounts we hold in the Separate Account pursuant to the policies cannot be reached by any other persons who may have claims against us and can't be used to pay any obligations of John Hancock USA other than those arising out of policies that use the Separate Account. Income, gains and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of John Hancock USA's other assets. All obligations under the policies (including under any fixed 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 policy value. We describe these charges under "Charges at the portfolio level." For certain policy years, we also will apply a policy credit to your policy value.

**Portfolios** 

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

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

**Voting Portfolio Shares** 

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

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

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

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

**Legal Proceedings** 

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

**Financial Statements** 

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

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**Appendix: Portfolios Available Under The Policy** 

The following is a list of portfolios available under the policies. More information about the portfolios is available in the prospectuses for the portfolios, which may be amended from time to time. You can find the prospectuses and other information about the portfolios at dfinview.com/JohnHancock/PUFT/EPVUL. 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.70%<sup>\*</sup> | &nbsp;&nbsp; 7.39 | &nbsp;&nbsp; 0.02 | &nbsp;&nbsp; 2.61 |
| To seek to provide high total return <br> (including income and capital gains) <br> consistent with preservation of capital <br> over the long term.<br>| American Asset Allocation Trust - Series <br> I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91%<sup>\*</sup> | 15.39 | &nbsp;&nbsp; 8.57 | &nbsp;&nbsp; 9.37 |
| To seek to provide long-term growth of <br> capital.<br>| American Global Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 1.07%<sup>\*</sup> | 21.17 | &nbsp;&nbsp; 7.81 | 11.74 |
| To seek to provide growth of capital. | American Growth Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.95%<sup>\*</sup> | 19.81 | 12.95 | 17.53 |
| To seek to provide long-term growth of <br> capital and income.<br>| American Growth-Income Trust - Series I<br>Capital Research and Management <br> Company (Adviser to the Master Fund, <br> American Fund Insurance Series)<br>| 0.91% | 17.65 | 13.48 | 13.50 |
| To provide long-term growth of capital. <br> Current income is a secondary objective.<br>| Blue Chip Growth Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.80%<sup>\*</sup> | 18.52 | 11.71 | 15.56 |
| To seek long-term capital appreciation. | Capital Appreciation Value Trust - Series <br> I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.93%<sup>\*</sup> | 11.61 | &nbsp;&nbsp; 9.06 | 10.90 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek total return consisting of income <br> and capital appreciation.<br>| Core Bond Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Allspring Global Investments, LLC*<br>| 0.67%<sup>\*</sup> | &nbsp;&nbsp; 6.94 | -0.57 | &nbsp;&nbsp; 1.91 |
| To seek long-term capital appreciation. | Disciplined Value Emerging Markets <br> Equity Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.96%<sup>\*</sup> | 31.88 | &nbsp;&nbsp; 7.79 | &nbsp;&nbsp; 8.50 |
| To seek long-term growth of capital. | Disciplined Value International Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Boston Partners Global Investors,* <br> *Inc.*<br>| 0.84% | 40.90 | 12.64 | &nbsp;&nbsp; 8.92 |
| To provide substantial dividend income <br> and also long-term growth of capital.<br>| Equity Income Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 0.78%<sup>\*</sup> | 14.39 | 11.10 | 10.47 |
| To seek growth of capital. | Financial Industries Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.93%<sup>\*</sup> | 12.00 | 11.44 | 10.54 |
| To seek long-term growth of capital. | Fundamental All Cap Core Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.76%<sup>\*</sup> | &nbsp;&nbsp; 4.78 | 11.74 | 13.74 |
| To seek long-term capital appreciation. | Fundamental Large Cap Value Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.77%<sup>\*</sup> | 15.93 | 14.90 | 12.58 |
| To seek long-term capital appreciation. | Global Equity Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.93%<sup>\*</sup> | 18.13 | 10.12 | &nbsp;&nbsp; 8.34 |
| To seek long-term capital appreciation. | Health Sciences Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.04%<sup>\*</sup> | 19.49 | &nbsp;&nbsp; 4.15 | &nbsp;&nbsp; 8.70 |
| The fund seeks high current income. <br> Capital appreciation is a secondary goal.<br>| High Yield Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.74%<sup>\*</sup> | &nbsp;&nbsp; 7.46 | &nbsp;&nbsp; 3.97 | &nbsp;&nbsp; 6.07 |

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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 I<br>John Hancock Variable Trust Advisers <br> LLC/*SSGA Funds Management, Inc.*<br>| 0.39%<sup>\*</sup> | 32.50 | &nbsp;&nbsp; 7.64 | &nbsp;&nbsp; 8.28 |
| To seek long-term capital appreciation. | International Small Company Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>| 1.06%<sup>\*</sup> | 34.98 | &nbsp;&nbsp; 7.99 | &nbsp;&nbsp; 7.79 |
| To provide a high level of current income <br> consistent with the maintenance of <br> principal and liquidity.<br>| Investment Quality Bond Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.77%<sup>\*</sup> | &nbsp;&nbsp; 6.97 | -0.47 | &nbsp;&nbsp; 2.37 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.79%<sup>\*</sup> | 14.10 | &nbsp;&nbsp; 5.44 | &nbsp;&nbsp; 7.02 |
| To seek a high level of current income <br> with some consideration given to growth <br> of capital.<br>| Lifestyle Conservative Portfolio - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.76%<sup>\*</sup> | 10.05 | &nbsp;&nbsp; 1.97 | &nbsp;&nbsp; 4.16 |
| To seek long-term growth of capital. <br> Current income is also a consideration.<br>| Lifestyle Growth Portfolio - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.81%<sup>\*</sup> | 16.72 | &nbsp;&nbsp; 7.79 | &nbsp;&nbsp; 8.90 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.78%<sup>\*</sup> | 12.67 | &nbsp;&nbsp; 4.25 | &nbsp;&nbsp; 6.04 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.92% | &nbsp;&nbsp; 9.72 | &nbsp;&nbsp; 4.61 | &nbsp;&nbsp; 5.52 |
| To seek current income and growth of <br> capital, while seeking to both manage the <br> volatility of return and limit the <br> magnitude of portfolio losses.<br>| Managed Volatility Conservative Portfolio <br> - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.90% | &nbsp;&nbsp; 8.84 | &nbsp;&nbsp; 0.95 | &nbsp;&nbsp; 3.09 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Current**<br> **Expenses** | **1-Year** | **5-Year** | **10-Year** |
| To seek long term growth of capital while <br> seeking to both manage the volatility of <br> return and limit the magnitude of <br> portfolio losses.<br>| Managed Volatility Growth Portfolio - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.96% | 10.82 | &nbsp;&nbsp; 6.26 | &nbsp;&nbsp; 6.22 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.92% | &nbsp;&nbsp; 9.25 | &nbsp;&nbsp; 3.73 | &nbsp;&nbsp; 5.06 |
| To seek long-term growth of capital. | Mid Cap Growth Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.93%<sup>\*</sup> | &nbsp;&nbsp; 6.11 | &nbsp;&nbsp; 1.30 | 11.69 |
| 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 I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.46%<sup>\*</sup> | &nbsp;&nbsp; 6.98 | &nbsp;&nbsp; 8.63 | 10.23 |
| To seek long-term capital appreciation. | Mid Value Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.03%<sup>\*</sup> | &nbsp;&nbsp; 5.85 | 11.65 | 10.85 |
| To obtain maximum current income <br> consistent with preservation of principal <br> and liquidity.<br>| Money Market Trust<sup>\*\*</sup> - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.33%<sup>\*</sup> | &nbsp;&nbsp; 4.02 | &nbsp;&nbsp; 2.99 | &nbsp;&nbsp; 1.93 |
| To seek maximum total return, consistent <br> with preservation of capital and prudent <br> investment management.<br>| Opportunistic Fixed Income Trust - Series <br> I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.97%<sup>\*</sup> | &nbsp;&nbsp; 9.51 | &nbsp;&nbsp; 0.57 | &nbsp;&nbsp; 3.19 |
| To seek to achieve a combination of long-<br> term capital appreciation and current <br> income.<br>| Real Estate Securities Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>| 0.81%<sup>\*</sup> | &nbsp;&nbsp; 0.63 | &nbsp;&nbsp; 5.73 | &nbsp;&nbsp; 5.87 |
| To seek long-term growth of capital. <br> Current income is incidental to the fund's <br> objective.<br>| Science & Technology Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>| 1.04%<sup>\*</sup> | 23.58 | 12.97 | 19.79 |
| To seek income and capital appreciation. | Select Bond Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>| 0.65%<sup>\*</sup> | &nbsp;&nbsp; 7.47 | -0.32 | &nbsp;&nbsp; 2.21 |

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| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** | **Average Annual**<br> **Total Returns**<br> **(as of 12/31/25) (%)** |
| **Investment Objective** | **Portfolio and Adviser*/Subadviser*** | **1-Year** | **5-Year** | **10-Year** |
| To seek a high level of current income <br> consistent with preservation of capital. <br> Maintaining a stable share price is a <br> secondary goal.<br>| Short Term Government Income Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.70%<sup>\*</sup> | &nbsp;&nbsp; 5.14 | &nbsp;&nbsp; 0.64 | &nbsp;&nbsp; 1.21 |
| To seek long-term capital appreciation. | Small Cap Core Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.95%<sup>\*</sup> | &nbsp;&nbsp; 0.06 | &nbsp;&nbsp; 6.48 | &nbsp;&nbsp; 6.05 |
| Seeks to approximate the aggregate total <br> return of a small cap U.S. domestic equity <br> market index.<br>| Small Cap Index Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.53%<sup>\*</sup> | 12.25 | &nbsp;&nbsp; 5.66 | &nbsp;&nbsp; 9.18 |
| To seek long-term capital appreciation. | Small Cap Opportunities Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Dimensional Fund Advisors LP*<br>0.92%<sup>\*</sup> | &nbsp;&nbsp; 9.18 | 10.54 | 10.04 |
| To seek long-term capital appreciation. | Small Cap Stock Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>1.13%<sup>\*</sup> | 12.66 | &nbsp;&nbsp; 0.36 | 10.07 |
| To seek long-term growth of capital. | Small Company Value Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*T. Rowe Price Associates, Inc.*<br>1.21%<sup>\*</sup> | &nbsp;&nbsp; 7.12 | &nbsp;&nbsp; 5.96 | &nbsp;&nbsp; 8.93 |
| To seek a high level of current income. | Strategic Income Opportunities Trust - <br> Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.79%<sup>\*</sup> | &nbsp;&nbsp; 7.51 | &nbsp;&nbsp; 1.55 | &nbsp;&nbsp; 3.21 |
| Seeks to approximate the aggregate total <br> return of a broad U.S. domestic equity <br> market index.<br>| Total Stock Market Index Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.56%<sup>\*</sup> | 16.63 | 12.36 | 13.67 |
| To seek long-term growth of capital. | U.S. Growth Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Wellington Management Company* <br> *LLP*<br>0.67%<sup>\*</sup> | 20.60 | 11.70 | 17.06 |
| The fund seeks a high level of current <br> income consistent with the maintenance <br> of liquidity and the preservation of <br> capital.<br>| Ultra Short Term Bond Trust - Series I<br>John Hancock Variable Trust Advisers <br> LLC/*Manulife Investment Management* <br> *(US) LLC*<br>0.67%<sup>\*</sup> | &nbsp;&nbsp; 4.29 | &nbsp;&nbsp; 2.48 | &nbsp;&nbsp; 1.95 |

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

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*\*\* This Portfolio is no longer accepting premium payments .*

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

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| | |
|:---|:---|
| **<u>JOHN HANCOCK USA SERVICE OFFICE</u>** | **<u>JOHN HANCOCK USA SERVICE OFFICE</u>** |
| **<u>Overnight Express Delivery</u>** | **<u>Mail Delivery</u>** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 |  |

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In addition to this prospectus, John Hancock USA has filed with the SEC an SAI that contains additional information about John Hancock USA and the Separate Account, including information on our history, services provided to the Separate Account, and the audited financial statements for John Hancock USA and the Separate Account. The SAI is incorporated by reference into this prospectus and personalized illustrations of death benefits, 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/EPVUL. 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. 811-4834—1933 Act File No. 333-85284 <br>EDGAR Contract Identifier No. C000027511

------

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

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

Flexible Premium Variable Universal Life Insurance Policy

ACCUMULATION VARIABLE UNIVERSAL LIFE

Prospectus dated April 27, 2026

You may choose to allocate your policy 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 policy 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 Life Insurance Company (U.S.A.) Separate Account A ("Separate Account"), and the subaccount invests those amounts exclusively in one of the portfolios.

You may also allocate policy 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 policy value.

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

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

------

**Table of Contents** 

---

| | |
|:---|:---|
| **[important Information you should consider about the policy](#xx_1b0b72d6-fc5d-4ab8-8ec1-3c907ba6305c_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 |
| **[Overview of the Policy](#xx_40d138be-7a3b-448e-ab01-3ae57f3c7d5e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Purpose](#xx_40d138be-7a3b-448e-ab01-3ae57f3c7d5e_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Premiums](#xx_40d138be-7a3b-448e-ab01-3ae57f3c7d5e_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| *[Policy Features](#xx_40d138be-7a3b-448e-ab01-3ae57f3c7d5e_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Death benefit.](#xx_40d138be-7a3b-448e-ab01-3ae57f3c7d5e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Surrender of the policy.](#xx_40d138be-7a3b-448e-ab01-3ae57f3c7d5e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Withdrawals.](#xx_40d138be-7a3b-448e-ab01-3ae57f3c7d5e_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 |
| **[Policy loans.](#xx_40d138be-7a3b-448e-ab01-3ae57f3c7d5e_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Supplementary benefit riders.](#xx_40d138be-7a3b-448e-ab01-3ae57f3c7d5e_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8 |
| **[Fee Table](#xx_10ab8dbf-79a2-4408-bd89-6a49dbcf7e25_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 |
| **[General Description of the Policy](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Policy Rights](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| **[Owner and beneficiary.](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Allocation of Premiums](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 |
| *[Transfers of Policy Value](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_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_190f5e5a-ac07-457b-bf5c-297ef0898e0f_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Frequent transfers among variable investment accounts.](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13 |
| **[Limitations on transfers out of the fixed account.](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Potential additional limitations.](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Dollar cost averaging and asset allocation balancer programs.](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| *[General Account](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[The fixed account.](#xx_190f5e5a-ac07-457b-bf5c-297ef0898e0f_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 |
| **[Premiums](#xx_06e803a5-ac4a-4f6d-a526-f08732b4dd56_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[Purchase Procedures](#xx_06e803a5-ac4a-4f6d-a526-f08732b4dd56_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[Premium Amount](#xx_06e803a5-ac4a-4f6d-a526-f08732b4dd56_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[Premium Due Dates](#xx_06e803a5-ac4a-4f6d-a526-f08732b4dd56_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16 |
| *[No-lapse Guarantee](#xx_06e803a5-ac4a-4f6d-a526-f08732b4dd56_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 |
| **[Standard Death Benefits](#xx_84a0e078-e19b-401e-8314-aa862287091a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| *[Standard Death Benefits](#xx_84a0e078-e19b-401e-8314-aa862287091a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Effectiveness and Policy Date.](#xx_84a0e078-e19b-401e-8314-aa862287091a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Temporary insurance coverage.](#xx_84a0e078-e19b-401e-8314-aa862287091a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Option 1 and Option 2.](#xx_84a0e078-e19b-401e-8314-aa862287091a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 |
| **[Base Face Amount and Supplemental Face Amount.](#xx_84a0e078-e19b-401e-8314-aa862287091a_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Minimum death benefit.](#xx_84a0e078-e19b-401e-8314-aa862287091a_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 |
| **[Calculation and payment of the death benefit.](#xx_84a0e078-e19b-401e-8314-aa862287091a_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Changes you may make.](#xx_84a0e078-e19b-401e-8314-aa862287091a_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| *[Additional Information About Standard Death Benefits](#xx_84a0e078-e19b-401e-8314-aa862287091a_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Requesting an increase or decrease in coverage.](#xx_84a0e078-e19b-401e-8314-aa862287091a_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Change of death benefit option.](#xx_84a0e078-e19b-401e-8314-aa862287091a_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 |
| **[Tax consequences of coverage changes.](#xx_84a0e078-e19b-401e-8314-aa862287091a_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| **[Limitations on payment of death benefit.](#xx_84a0e078-e19b-401e-8314-aa862287091a_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21 |
| **[Surrenders and Withdrawals](#xx_34f5bdbf-de9f-4f4c-a25e-0a8b7e31c31d_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| *[Surrender and Withdrawal](#xx_34f5bdbf-de9f-4f4c-a25e-0a8b7e31c31d_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |
| *[Additional Information Regarding Surrender and Withdrawal](#xx_34f5bdbf-de9f-4f4c-a25e-0a8b7e31c31d_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22 |

---

------

---

| | |
|:---|:---|
| **[Loans](#xx_5d3e3b64-010d-4e6b-8cfe-117e7eb0a340_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[Availability of Loans, Limitations and Interest](#xx_5d3e3b64-010d-4e6b-8cfe-117e7eb0a340_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[Effect of Loans on Cash Value and Death Benefit](#xx_5d3e3b64-010d-4e6b-8cfe-117e7eb0a340_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[Other Effects of Loans](#xx_5d3e3b64-010d-4e6b-8cfe-117e7eb0a340_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23 |
| *[Loan Repayments](#xx_5d3e3b64-010d-4e6b-8cfe-117e7eb0a340_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 24 |
| **[Other Benefits Available Under the Policy](#xx_660f1f23-626b-4c32-b6cf-7a01ee216852_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25 |
| *[More About Certain Optional Benefits](#xx_45c93f73-31f6-4fc5-9588-0f4546c84770_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| **[Disability Payment of Specified Premium Rider.](#xx_45c93f73-31f6-4fc5-9588-0f4546c84770_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| **[Long-Term Care Rider.](#xx_45c93f73-31f6-4fc5-9588-0f4546c84770_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 |
| **[Return of Premium Death Benefit Rider.](#xx_45c93f73-31f6-4fc5-9588-0f4546c84770_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| **[Cash Value Enhancement Rider.](#xx_45c93f73-31f6-4fc5-9588-0f4546c84770_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28 |
| **[Overloan Protection Rider.](#xx_45c93f73-31f6-4fc5-9588-0f4546c84770_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Accelerated Benefit Rider.](#xx_45c93f73-31f6-4fc5-9588-0f4546c84770_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 |
| **[Change of Life Insurer Rider.](#xx_45c93f73-31f6-4fc5-9588-0f4546c84770_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| **[Long-Term Care Continuation Rider.](#xx_45c93f73-31f6-4fc5-9588-0f4546c84770_4)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 |
| **[Taxes](#xx_a40a9905-fadc-4a4c-8edf-3f1093fc87bd_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Tax Consequences of Owning a Policy](#xx_a40a9905-fadc-4a4c-8edf-3f1093fc87bd_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31 |
| *[Tax Consequences of Electing Certain Supplementary Benefit Riders](#xx_a40a9905-fadc-4a4c-8edf-3f1093fc87bd_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| *[Effect on the Company's Taxes](#xx_a40a9905-fadc-4a4c-8edf-3f1093fc87bd_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32 |
| **[Principal Risks of Investing in the Policy](#xx_e55c8574-4866-48ed-90d2-03ba27951b8a_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[Lapse Risk](#xx_e55c8574-4866-48ed-90d2-03ba27951b8a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[Investment Risk/Risk of Loss](#xx_e55c8574-4866-48ed-90d2-03ba27951b8a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[Transfer Risk](#xx_e55c8574-4866-48ed-90d2-03ba27951b8a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[Early Surrender or Withdrawal Risk/ Not a Short-Term Investment](#xx_e55c8574-4866-48ed-90d2-03ba27951b8a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[Tax Risks](#xx_e55c8574-4866-48ed-90d2-03ba27951b8a_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33 |
| *[Cybersecurity Risks](#xx_e55c8574-4866-48ed-90d2-03ba27951b8a_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34 |
| **[Additional Information Regarding the Policy](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| *[Charges](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_1)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Deductions from premium payments.](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Deductions from policy value.](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 35 |
| **[Charges at the portfolio level.](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_2)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| *[Additional Information About How Certain Policy Charges Work](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| *[Other Charges We Could Impose in the Future](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| *[Commissions Paid to Dealers](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_2)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36 |
| *[Lapse and Reinstatement](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_3)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| **[Lapse.](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| **[Reinstatement.](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_3)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 |
| *[Variations](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| *[Policy or Separate Account Changes](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| *[When We Pay Policy Proceeds](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_4)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38 |
| *[When the Insured Person Reaches 100](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_5)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39 |
| **[General Description of Registrant, Depositor and Portfolios](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_6)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| *[Depositor](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| *[Registrant](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| *[Portfolios](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| *[Voting Portfolio Shares](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_6)* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40 |
| **[Legal Proceedings](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_7)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |
| **[Financial Statements](#xx_ae0f84bf-b4d1-437d-8982-44b587949f75_7)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41 |
| **[Appendix: Portfolios Available Under The Policy](#xx_f1612cea-8a9b-4dbe-a00e-183d9b2019e3_1)** | &nbsp;&nbsp; Appendix-1 |

---

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** | **FEES AND EXPENSES** |
| Charges for Early <br> Withdrawals<br>| &nbsp;&nbsp; There are surrender charges assessed if your policy is surrendered, lapses, or <br> if the Base Face Amount is reduced in the first nine policy years from the <br> Policy Date. The maximum surrender charge is 9.54% of Base Face Amount. <br> For example, if the Base Face Amount is $100,000, the highest possible <br> surrender charge would be $9,539. | &nbsp;&nbsp; There are surrender charges assessed if your policy is surrendered, lapses, or <br> if the Base Face Amount is reduced in the first nine policy years from the <br> Policy Date. The maximum surrender charge is 9.54% of Base Face Amount. <br> For example, if the Base Face Amount is $100,000, the highest possible <br> surrender charge would be $9,539. | &nbsp;&nbsp; There are surrender charges assessed if your policy is surrendered, lapses, or <br> if the Base Face Amount is reduced in the first nine policy years from the <br> Policy Date. The maximum surrender charge is 9.54% of Base Face Amount. <br> For example, if the Base Face Amount is $100,000, the highest possible <br> surrender charge would be $9,539. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from policy* <br> *value*<br>|
| Transaction Charges | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> the following transactions:<br>A premium charge will be deducted from each premium paid.<br>A withdrawal fee may be deducted upon making a withdrawal.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> the following transactions:<br>A premium charge will be deducted from each premium paid.<br>A withdrawal fee may be deducted upon making a withdrawal.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; In addition to surrender charges (if applicable), you may also be charged for <br> the following transactions:<br>A premium charge will be deducted from each premium paid.<br>A withdrawal fee may be deducted upon making a withdrawal.<br>A transfer fee may be deducted upon transfers into or out of a variable <br> investment account after you have made more than 12 such transfers in a <br> year. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from premium* <br> *payments*<br>*Deductions from policy* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; In addition to surrender charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including a cost of insurance <br> charge, administrative charge, Base Face Amount charge, Supplemental Face <br> Amount charge, asset-based risk charge, policy loan costs, and <br> supplementary benefit rider charges. Some of these fees and expenses are <br> based wholly or in part on the characteristics of the insured persons (e.g., <br> age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to surrender charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including a cost of insurance <br> charge, administrative charge, Base Face Amount charge, Supplemental Face <br> Amount charge, asset-based risk charge, policy loan costs, and <br> supplementary benefit rider charges. Some of these fees and expenses are <br> based wholly or in part on the characteristics of the insured persons (e.g., <br> age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; In addition to surrender charges and transaction charges, you will also be <br> subject to certain ongoing fees and expenses, including a cost of insurance <br> charge, administrative charge, Base Face Amount charge, Supplemental Face <br> Amount charge, asset-based risk charge, policy loan costs, and <br> supplementary benefit rider charges. Some of these fees and expenses are <br> based wholly or in part on the characteristics of the insured persons (e.g., <br> age, sex, and underwriting classification).<br>You should view the "policy specifications" page of your policy for rates <br> applicable to your policy. | &nbsp;&nbsp; *FEE TABLE*<br>*Deductions from policy* <br> *value*<br>|
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; You will also bear expenses associated with the portfolios under the policy, <br> as shown in the following table: | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |
| Ongoing Fees and <br> Expenses (annual charges) | **Annual Fee** | Minimum | Maximum | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |
| Ongoing Fees and <br> Expenses (annual charges) | &nbsp;&nbsp; **Variable investment accounts (portfolio fees** <br> **and expenses)**<br>| 0.39% | 1.19% | &nbsp;&nbsp; *Charges at the portfolio* <br> *level*<br>*APPENDIX* |

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

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| | | |
|:---|:---|:---|
| **RISKS** | **RISKS** | **RISKS** |
| Insurance Company <br> Risks<br>| &nbsp;&nbsp; Your investment in the policy is subject to risks related to John <br> Hancock USA, including that the obligations (including under the <br> fixed account 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; Unless the No-Lapse Guarantee is in effect, this policy will go into <br> default if at the beginning of any policy month the policy's net cash <br> surrender value would be zero or below after deducting the monthly <br> deductions then due. The "net cash surrender value" is your policy <br> value, less any policy debt, and less any applicable surrender charges. <br> This can happen as a result of insufficient premium payments, poor <br> performance of the variable or general account options you have <br> chosen, withdrawals, or unpaid loans or loan interest. If a default is <br> not cured within a 61-day grace period, your policy will lapse without <br> value, and no death benefit or other benefits will be payable. You can <br> apply to reinstate a policy that has gone into default, subject to <br> conditions including payment of a specified amount of additional <br> premiums.<br>| &nbsp;&nbsp; *Lapse and* <br> *Reinstatement*<br>|

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

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

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

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**Overview of the Policy** 

**Purpose** 

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." The Minimum Initial Premium is a dollar amount that is stated in your policy specifications and that must be paid to us in full before your policy will take effect. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy. After the payment of the initial premium, premiums may be paid at any time and in any amount until the insured person's attained age 100, subject to the need to pay enough premium to keep the policy in force, and to limitations on maximum premium amount.

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

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

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

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

If the net cash surrender value is insufficient to pay the charges when due and the No-Lapse Guarantee is not in effect, your policy can terminate (i.e., "lapse"). This can happen because you haven't paid enough premium, because the investment performance of the variable investment accounts you've chosen has been poor, or because of a combination of both factors.

**Policy Features** 

**Death benefit.** When the insured person dies, we will pay the "death benefit" minus any policy debt and unpaid fees and charges. There are two ways of calculating the death benefit. You choose which one you want in the application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 1.</u> The death benefit will equal the greater of (1) the Total Face Amount, or (2) the minimum death benefit. The "Total Face Amount" is the amount of life insurance coverage equal to the "Base Face Amount" plus any "Supplemental Face Amount," as set forth in your policy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 2.</u> The death benefit will equal the greater of (1) the Total Face Amount plus any amount payable under a supplementary benefit rider, plus the policy value on the date of death, or (2) the minimum death benefit.

**Surrender of the policy.** You may surrender the policy in full while the insured person is alive. If you do, we will pay you the policy value less any outstanding policy debt and less any applicable surrender charge. This is called your "net cash surrender value."

**Withdrawals.** After the first policy year, you may make a withdrawal of part of your net cash surrender value. Generally, each withdrawal must be at least $500. We reserve the right to charge a fee of up to the lesser of 2% of the withdrawal amount or $25 for each withdrawal. Your policy value is automatically reduced by the amount of the withdrawal and the fee. A withdrawal may also reduce the Total Face Amount.

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**Policy loans.** If your policy is in force and has sufficient policy value, you may borrow from it at any time by completing the appropriate form. Generally, the minimum amount of each loan is $500. The maximum amount you can borrow is determined by a formula as described in your policy. Interest is charged on each loan. If there is an outstanding loan the amount of the loan and accrued interest will be deducted from the death benefit and other policy proceeds.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Long-Term Care Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Return of Premium Death Benefit Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Cash Value Enhancement Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Overloan Protection Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Accelerated Benefit Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Change of Life Insured Rider

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Long-Term Care Continuation 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 policy value between investment options.

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| | | |
|:---|:---|:---|
| **TRANSACTION FEES** | **TRANSACTION FEES** | **TRANSACTION FEES** |
| **Charge** | **When Charge is Deducted** | **Amount Deducted** |
| Maximum premium charge | Upon payment of premium | 6% of each premium paid |
| Withdrawal fee<sup>(1)</sup> <br>| Upon making a withdrawal | &nbsp;&nbsp; The lesser of 2% of the withdrawal amount <br> or $25 (currently $0)<br>|
| Surrender charge<sup>(2)</sup> <br>| &nbsp;&nbsp; Upon surrender policy lapse or reductions <br> in Base Face Amount<br>|  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $2.40 per $1,000 of Base Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $95.39 per $1,000 of Base Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | $17.09 per $1,000 of Base Face Amount |
| Transfer fee<sup>(3)</sup> <br>| &nbsp;&nbsp; Upon each transfer into or out of an <br> investment account beyond an annual limit <br> of twelve<br>| $25 (currently $0) |
| Cash Value Enhancement Rider | Upon policy issue | $500.00 |
| Change of Life Insured Rider | At exercise of benefit | $250.00 |
| Overloan Protection Rider<sup>(4)</sup> <br>| At exercise of benefit |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | 0.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | 8.0% |
| Accelerated Benefit Rider<sup>(5)</sup> <br>| At exercise of benefit | $150.00 |

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

&nbsp;&nbsp;&nbsp;&nbsp;*(2) A surrender charge is applicable for 9 policy years from the Policy Date, and is calculated as a percentage of the Surrender Charge Calculation Limit as stated in your policy specifications. The percentage applied to the calculation reduces over the surrender charge period. The charges shown in the table are the amounts applied in month one in the first year of the surrender charge period. The Surrender Charge Calculation Limit varies by the sex, issue age, risk classification and death benefit options of the insured person. The minimum charge shown is for a 0 year old female standard nonsmoker underwriting risk with death benefit Option 1. The maximum charge shown is for a 74 year old male substandard smoker underwriting risk with death benefit Options 1 and 2. The charge for the representative insured person is for a 45 year old male standard nonsmoker underwriting risk with death benefit Option 1. 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.* 

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

&nbsp;&nbsp;&nbsp;&nbsp;*(4) The charge for this rider is determined as a percentage of unloaned account value. The rates vary by the attained age of the insured person at the time of exercise. The rates also differ according to the tax qualification test elected at issue. The guaranteed minimum rate for the guideline premium test is 0.04% and the guaranteed maximum rate is 2.50%. The guaranteed minimum rate for the cash value accumulation test is 0.054% and the guaranteed maximum rate is 8.00%. The minimum rate shown is for an insured person who has reached attained age 99 and the guideline premium test has been elected. The maximum rate shown is for an insured person who has reached attained age 75 and the cash value accumulation test has been elected. 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) For riders issued on or after July 18, 2022,only riders that were issued in California will be charged a transaction fee. For riders issued before July 18, 2022, the transaction fee 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:** |  |  |
| Cost of Insurance<sup>(1)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.06 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | $0.38 per $1,000 of NAR |
| Administrative charge<sup>(2)</sup> <br>| Monthly | $25.00 |
| Face Amount charge<sup>(3)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.03 per $1,000 of Base Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $1.18 per $1,000 of Base Face Amount |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | $0.17 per $1,000 of Base Face Amount |
| Asset-based risk charge<sup>(4)</sup> <br>| Monthly | 0.03% (monthly rate) of policy value |
| Maximum policy loan interest rate<sup>(5)</sup> <br>| Accrues daily Payable annually | 4.25% annual rate |
| **Optional Benefit Charges:** |  |  |
| Disability Payment of Specified Premium <br> Rider<sup>(6)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $16.57 per $1,000 of Specified Premium |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $198.67 per $1,000 of Specified Premium |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | $51.66 per $1,000 of Specified Premium |
| Long-Term Care Rider<sup>(7)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.01 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $1.80 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | $0.08 per $1,000 of NAR |
| Return of Premium Death Benefit Rider<sup>(8)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | $0.006 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | $83.33 per $1,000 of NAR |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | $0.38 per $1,000 of NAR |
| Long-Term Care Continuation Rider<sup>(9)</sup> <br>| Monthly |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Minimum charge |  | &nbsp;&nbsp; $2.12 per $1,000 of LTC Continuation <br> Maximum Monthly Benefit Amount<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maximum charge |  | &nbsp;&nbsp; $130.37 per $1,000 of LTC Continuation <br> Maximum Monthly Benefit Amount<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charge for a representative insured <br> person<br>|  | &nbsp;&nbsp; $7.29 per $1,000 of LTC Continuation <br> Maximum Monthly Benefit Amount<br>|

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&nbsp;&nbsp;&nbsp;&nbsp;*(1) The "cost of insurance" charge is determined by multiplying the net amount of insurance for which we are at risk (the "NAR") by the applicable cost of insurance rate. The rates vary widely depending upon 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 10 year old female standard non-smoker underwriting risk. The maximum rate shown is the rate in the first policy year for a 90 year old male substandard smoker underwriting risk. This includes the so-called "extra mortality charge." The representative insured person rate shown is for a 45 year old male standard non-smoker underwriting risk with a policy in the first policy year. 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.* 

*(2) The monthly administrative charge in policy year 1 is $25. The monthly charge thereafter is $10.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(3) This charge is determined by multiplying the Base Face Amount at issue by the applicable rate. The rates vary by the sex, age, death benefit option, and risk classification at issue of the insured person The minimum rate shown is the rate for a 0 year old male standard non-smoker electing death benefit Option 1. The maximum rate is the rate for a 90 year old male standard smoker electing death benefit* 

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*Option 2. The representative insured person rate shown is for a 45 year old male standard non-smoker electing death benefit Option 1. This charge continues for a maximum of 10 years from the Policy Date. 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;*(4) This charge only applies to that portion of policy value held in the investment accounts. The charge determined does not apply to any fixed account.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(5) The maximum effective annual interest rate we can charge for the loan account is 4.25% for policy years 1-10 and 3% for policy years 11 and thereafter (although we reserve the right to increase the rate after the tenth policy year to as much as 3.25%). The amount of any loan is transferred from the accounts to a special loan account which earns interest at an effective annual rate of 3.0%. Therefore, the cost of a loan is the difference between the loan interest we charge and the interest we credit to the special loan account.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(6) The charge for this rider is determined by multiplying the Specified Premium by the applicable rate. The "Specified Premium" is stated in your policy specifications. The rates vary by the sex, issue age and the disability insurance risk characteristics of the insured person. The minimum rate shown is for a 20 year old male standard non-smoker underwriting risk. The maximum rate shown is for a 54 year old female substandard smoker underwriting risk. The representative insured person rate shown is for a 45 year old male standard non-smoker 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;*(7) The charge for this rider is determined by multiplying the NAR by the applicable rate. The rates vary by the long-term care insurance risk characteristics of the insured person and the rider benefit level selected. The minimum rate shown is for a 20 year old female super preferred non-smoker underwriting risk with a 1% "Monthly Acceleration Percentage," which is a percentage of the death benefit you can accelerate each month. The Monthly Acceleration Percentage is stated in your policy specifications. The maximum rate shown is for an 80 year old male substandard smoker underwriting risk with a 4% Monthly Acceleration Percentage. The representative insured person rate shown is for a 45 year old male standard non-smoker underwriting risk with a 4% Monthly Acceleration Percentage. 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 Return of Premium Death Benefit Rider charge is determined by multiplying the NAR by the applicable cost of insurance rate. The rates vary depending upon the insurance risk characteristics of the insured person and (generally) the sex of the insured person. The minimum rate shown is the rate in the first policy year for a 0 year old female standard non-smoker underwriting risk. The maximum rate shown is the rate in the first policy year for a 90 year old male substandard smoker underwriting risk. This includes the so-called "extra mortality charge." The representative insured person rate shown is for a 45 year old male standard non-smoker underwriting risk with a policy in the first policy year. 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;*(9) The charge for this rider is determined by multiplying the LTC Continuation Maximum Monthly Benefit Amount for this rider by the applicable rate. The LTC Continuation Maximum Monthly Benefit Amount is stated in your policy specifications. The rates vary by the long-term care insurance risk characteristics of the insured person and the rider benefit level selected. The minimum rate shown is for a 20 year old female standard non-smoker underwriting risk with a 1% Monthly Acceleration Percentage. The maximum rate shown is for an 80 year old male substandard smoker underwriting risk with a 4% Monthly Acceleration Percentage. The representative insured person rate shown is for a 45 year old male standard non-smoker underwriting risk with a 4% Monthly Acceleration Percentage. These charges may not be particularly relevant to your current situation, and you can obtain information about the specific charges applicable to you from your John Hancock USA representative.*

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

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

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**General Description of the Policy** 

**Policy Rights** 

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

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

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

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

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

**Allocation of Premiums** 

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

There are restrictions that may limit the variable account investment options and fixed account options that you may choose, as well as limitations on the transfer of policy value among those options. For example, your investment options will be limited if you exercise benefits under the Long-Term Care Rider or the Overloan Protection Rider. Specifically, all value you have in the variable investment will automatically be transferred to the fixed account, and, so long as you continue to receive any of those benefits, you will not be permitted to allocate any additional amounts to the variable investment accounts.

**Transfers of Policy Value** 

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

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

**Limitations on transfers to or from a variable investment account.** Our current practice is to restrict transfers into or out of variable investment accounts to two per calendar month (except with respect to those policies described in the following paragraphs). For purposes of this restriction, and in applying the limitation on the number of free transfers, any transfers made during the period from the opening of a business day (usually 9:00 a.m. Eastern time) to the close of that business day (usually 4:00 p.m. Eastern time) are considered one transfer. You may, however, transfer to the Money Market variable investment account even if the two transfers per month limit has been reached, but only if 100% of the account value in all variable investment accounts is transferred to the Money Market variable investment account. If such a transfer to the Money Market variable investment account is made, then for the 30 calendar day period after such transfer no transfers from the Money Market variable investment account to any other variable investment account or any fixed 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 of up to $25 for any transfer beyond an annual limit (which would be 12 or more). No transfer fee will be imposed on any transfer from a variable investment account into any fixed account if the transfer occurs during the following periods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• within 18 months after the policy's Issue Date, or

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• within 60 days after the later of the effective date of a material change in the investment objectives of any variable investment account or the date you are notified of the change.

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 in any one policy year are limited to the greater of (i) the fixed account maximum transfer amount of $2,000, (ii) the fixed account maximum transfer percentage of 15% multiplied by the amount of the fixed account on the immediately preceding policy anniversary, or (iii) the amount transferred out of the fixed account during the previous policy year. Any transfer out of the fixed account may not involve a transfer to the Money Market variable investment account. We reserve the right to impose a minimum amount limit on transfers out of any fixed account. We also reserve the right to impose different restrictions on any additional fixed account that we may offer in the future. We may waive the transfer restrictions on the fixed account.

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

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

**General Account** 

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

Because of exemptive and exclusionary provisions, interests in our fixed account 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.** Policy 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. We currently offer only one fixed account—the standard fixed account. The effective annual

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rate we declare for the fixed account will never be less than 3%. We reserve the right to offer one or more additional fixed accounts with characteristics that differ from those of the current fixed account, but we are under no obligation to do so. Any interest we credit in excess of the guaranteed interest crediting rate will be based on our sole discretion. Additionally, interest credited on a non-guaranteed basis varies over time is rarely the same year-over-year and 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 is available with a minimum Total Face Amount at issue of $100,000 and a minimum Base Face Amount at issue of $100,000. At the time of issue, the insured person must have an attained age of no more than 90. The insured person must meet certain health and other insurance risk criteria called "underwriting standards."

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

The Minimum Initial Premium is set forth in your policy specifications. Factors that determine the minimum initial premium amount generally include the insured person's age, sex and risk classification including any additional ratings; the Total Face Amount of insurance and election of any Supplemental Face Amount; choice of Death Benefit Option 1 vs. Option 2; and any selected supplementary benefit rider. Premium payments after the initial premium may not be required, but you must pay enough premium to keep the policy in force. That's why the policy is called a "flexible premium" policy.

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

**Premium Amount** 

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

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

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

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

**Premium Due Dates** 

Unless the No-Lapse Guarantee is in effect, a policy will go into default if at the beginning of any policy month the policy's net cash surrender value would be zero or below after deducting the monthly deductions then due. Therefore, a policy could lapse eventually if increases in policy value (prior to deduction of policy charges) are not sufficient to cover policy charges. We will notify you of the default and will allow a 61-day grace period in which you may make a premium payment sufficient to bring the policy out of default. The required payment will be equal to the amount necessary to bring the net cash surrender

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value to zero, if it was less than zero on the date of default, plus the monthly deductions due on the date of default and payable at the beginning of each of the two policy months thereafter, plus any applicable premium charge. If the insured person should die during the grace period, the policy value used in the calculation of the death benefit will be the policy value as of the date of default and the death benefit will be reduced by any outstanding monthly deductions due at the time of death. If the required payment is not received by the end of the grace period, the policy will terminate (i.e., "lapse") with no value.

**No-lapse Guarantee** 

In those states where it is permitted, as long as the cumulative premium test is satisfied during the No-Lapse Guarantee Period, we will guarantee that the policy will not go into default, even if adverse investment experience or other factors should cause the policy's surrender value to fall to zero or below during such period.

The No-Lapse Guarantee Premium is not a charge assessed against the policy value; it is an amount used in determining whether the cumulative premium test has been satisfied. The No-Lapse Guarantee Premium is set at issue on the basis of the Face Amount and reflects the age, sex and risk classification of the proposed insured, the death benefit option elected, as well as any additional rating and supplementary benefits, if applicable. It is subject to change if (i) the Face Amount of the policy is changed, (ii) there is a death benefit option change, (iii) there is a decrease in the Face Amount of insurance, or (iv) there is any change in the supplementary benefits added to the policy or in the risk classification of the insured person or (v) a temporary additional rating is added (due to a Face Amount increase).

The No-Lapse Guarantee Period is set at issue and is stated in the policy. The No-Lapse Guarantee Period for any Supplemental Face Amount is the first two policy years. Certain state limitations may apply, but generally the No-Lapse Guarantee Period for the Base Face Amount is (i) the lesser of twenty years or to age 75 or (ii) five years if the insured person's issue age is 70 or older. The No- Lapse Guarantee Period for the Base Face Amount under any policy that has elected an increasing Supplemental Face Amount or a Return of Premium Death Benefit Rider, however, is limited to the first two policy years.

While the No-Lapse Guarantee is in effect, we will determine at the beginning of the policy month that your policy would otherwise be in default whether the cumulative premium test has been met. The cumulative premium test is satisfied if, as of the beginning of the policy month that your policy would otherwise be in default, the sum of all premiums paid to date less any withdrawals taken on or before the date of the test and less any policy debt is equal to or exceeds the sum of the monthly No-Lapse Guarantee Premium due from the Policy Date to the date of the test. If the test has not been satisfied, we will notify you of that fact and allow a 61-day grace period in which you may make a premium payment sufficient to keep the policy from going into default. This required payment, as described in the notification, will be equal to the lesser of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the outstanding premium requirement to satisfy the cumulative premium test at the date of default, plus the monthly No- Lapse Guarantee Premium due for the next three policy months, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the amount necessary to bring the surrender value to zero plus the monthly deductions due, plus the next three monthly deductions plus the applicable premium charge.

If the required payment is not received by the end of the grace period, the No-Lapse Guarantee and the policy will terminate.

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**Standard Death Benefits** 

**Standard Death Benefits** 

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

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

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

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

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

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

**Option 1 and Option 2.** When the insured person dies, we will pay the death benefit minus any outstanding policy debt and unpaid fees and charges. There are two ways of calculating the death benefit. You must choose which one you want in the application. The two death benefit options are described below.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• <u>Option 2.</u> The death benefit will equal the greater of (1) the Total Face Amount plus any amount payable under a supplementary benefit rider, plus the policy value on the date of death, or (2) the minimum death benefit.

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

For the same premium payments, the death benefit under Option 2 will tend to be higher than the death benefit under Option 1. On the other hand, the cost of insurance charges (based on the higher NAR) will be higher under Option 2 to compensate us for the additional insurance risk. Because of that, the policy value will tend to be higher under Option 1 than under Option 2 for the same premium payments.

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

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**Base Face Amount and Supplemental Face Amount.** Total Face Amount is composed of the Base Face Amount and any Supplemental Face Amount you elect. The Supplemental Face Amount you can have generally cannot exceed 400% of the Base Face Amount at the Issue Date. Thereafter, scheduled and unscheduled increases to the Supplemental Face Amount are not permitted if the resulting Supplemental Face Amount would exceed 400% of the Total Face Amount at the Issue Date.

You should consider a number of factors in determining whether to elect coverage in the form of Base Face Amount or in the form of Supplemental Face Amount. For the same amount of premiums paid, the amount of the Face Amount charge deducted from policy value and the amount of compensation paid to the selling insurance agent will generally be less if coverage is included as Supplemental Face Amount, rather than as Base Face Amount. On the other hand, the amount of any Supplemental Face Amount may be subject to a shorter No-Lapse Guarantee Period. Also, after the insured person reaches age 100, the amount of any Supplemental Face Amount will be limited to the lesser of the current Supplemental Face Amount or the policy value. If your priority is to reduce your Face Amount charges, you may wish to maximize the proportion of the Supplemental Face Amount. However, if your priority is to take advantage of the No-Lapse Guarantee feature after the second policy year or to maximize the death benefit when the insured person reaches age 100, then you may wish to maximize the proportion of the Base Face Amount.

**Minimum death benefit.** In order for a policy to qualify as life insurance under Federal tax law, there has to be a minimum amount of insurance in relation to policy value. There are two tests that can be applied under Federal tax law—the "guideline premium test" and the "cash value accumulation test." You must elect at issue which test you wish to have applied. Once elected, the test cannot be changed without our approval.

Under the guideline premium test, we compute the minimum death benefit each business day by multiplying the policy value on that date by the death benefit factor applicable on that date. A table showing the factor for each age will appear in the policy, and the following table shows those factors for selected ages:

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| | |
|:---|:---|
| **Attained Age** | **Applicable Factor** |
| 40 and under | &nbsp;&nbsp; 250% |
| 45 | &nbsp;&nbsp; 215% |
| 50 | &nbsp;&nbsp; 185% |
| 55 | &nbsp;&nbsp; 150% |
| 60 | &nbsp;&nbsp; 130% |
| 65 | &nbsp;&nbsp; 120% |
| 70 | &nbsp;&nbsp; 115% |
| 75 | &nbsp;&nbsp; 105% |
| 90 | &nbsp;&nbsp; 105% |
| 95 and above | &nbsp;&nbsp; 100% |

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Under the cash value accumulation test, we compute the minimum death benefit each business day by multiplying the policy value on that date by the death benefit factor applicable on that date. The factor decreases as attained age increases. A table showing the factor for each age will appear in the policy, and the following table shows those factors for selected ages:

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| | | |
|:---|:---|:---|
| **Attained Age** | **Factor Female** | **Factor Male** |
| 40 | &nbsp;&nbsp; 494.24% | &nbsp;&nbsp; 445.47% |
| 45 | &nbsp;&nbsp; 415.18% | &nbsp;&nbsp; 379.41% |
| 50 | &nbsp;&nbsp; 349.01% | &nbsp;&nbsp; 322.43% |
| 55 | &nbsp;&nbsp; 294.49% | &nbsp;&nbsp; 273.75% |
| 60 | &nbsp;&nbsp; 249.83% | &nbsp;&nbsp; 233.40% |
| 65 | &nbsp;&nbsp; 213.66% | &nbsp;&nbsp; 200.75% |
| 70 | &nbsp;&nbsp; 184.74% | &nbsp;&nbsp; 174.53% |
| 75 | &nbsp;&nbsp; 161.66% | &nbsp;&nbsp; 153.61% |
| 90 | &nbsp;&nbsp; 119.05% | &nbsp;&nbsp; 116.28% |
| 95 | &nbsp;&nbsp; 111.37% | &nbsp;&nbsp; 110.42% |
| 100 and above | &nbsp;&nbsp; 100.00% | &nbsp;&nbsp; 100.00% |

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Please refer to your policy and contact your John Hancock USA representative for the death benefit factors that are specific to your policy.

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The cash value accumulation test may be preferable if you want to fund the policy so that the minimum death benefit will increase earlier than would be required under the guideline premium test, or if you want to fund the policy at the "7 pay" limit for the full seven years.

To the extent that the calculation of the minimum death benefit under the selected life insurance qualification test causes the death benefit to exceed our limits, we reserve the right to return premiums or distribute a portion of the policy value so that the resulting amount of insurance is maintained within our limits. Alternatively, if we should decide to accept the additional amount of insurance, we may require additional evidence of insurability.

**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.

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

**Additional Information About Standard Death Benefits** 

**Requesting an increase or decrease in coverage.** After the first policy year, you may make a written request for an unscheduled increase in Supplemental Face Amount. Generally, each such increase must be at least $50,000. Scheduled increases in any one policy year cannot exceed 25% of the Total Face Amount at issue. You will have to provide us with evidence that the insured person qualifies for the same risk classification that applied to them at issue. Generally, any increase will be effective on the next policy anniversary following the date we approve the request. Any unscheduled increase in Total Face Amount after issue would first require that you terminate the Disability Payment of Specified Premium, Long-Term Care, Long-Term Care Continuation, and Return of Premium Death Benefit Riders you may have elected at issue.

After the first policy year, we may approve a reduction in the Base Face Amount or the Supplemental Face Amount, but only if the remaining Supplemental Face Amount and Base Face Amount will each be at least $100,000, and the remaining Supplemental Face Amount will at least equal the minimum required by the tax laws to maintain the policy's life insurance status. A pro-rata portion of the surrender charge will be payable upon any requested reduction in the Base Face Amount. An approved decrease will take effect on the monthly deduction date on or next following the date we approve the request. We reserve the right to require that the Supplemental Face Amount be fully depleted before the Base Face Amount can be reduced.

**Change of death benefit option.** The death benefit option may be changed after the first policy year. We reserve the right to limit a request for a change if the change would cause the policy to fail to qualify as life insurance for tax purposes. We will not allow a change in death benefit option if it would cause the Total Face Amount to decrease below $100,000.

A change in the death benefit option will result in a change in the policy's Total Face Amount, in order to avoid any change in the amount of the death benefit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If it is a change from Option 1 to Option 2, the new Total Face Amount will be equal to the Total Face Amount prior to the change minus the policy value as of the date of the change. The change will take effect on the policy anniversary on or next following the date the written request for the change is received at our Service Office.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• If it is a change from Option 2 to Option 1, the new Total Face Amount will be equal to the Total Face Amount prior to the change plus the policy value as of the date of the change. Notwithstanding other policy limits, if the change from Option 2 to 1 yields a Total Face Amount that is larger than 400% of the Total Face Amount at issue, we will allow for the increase. The change will take effect on the monthly deduction date on or next following the date the written request for the change is received at our Service Office.

Surrender charges will not apply to reductions in the value of Total Face Amount to the extent that the value being reduced had originally been attributable solely to a change in the death benefit option.

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

A change in the death benefit option or Total Face Amount will often change the policy's limits under the Federal tax law test that you elected. To avoid having the policy cease to qualify as life insurance for tax purposes, we reserve the right to (i) refuse or limit a change in the death benefit option or Total Face Amount and (ii) change the guideline single premium or guideline level premium, as applicable.

**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 Base Face Amount, any Supplemental Face Amount, and every other benefit to that which would have been purchased at the correct age or sex by the most recent cost of insurance charge.

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**Surrenders and Withdrawals** 

**Surrender and Withdrawal** 

You may surrender the policy in full at any time, in which case we will pay you the policy's full net cash surrender value and coverage under the policy and any riders and other benefits under the policy will cease. After the first policy year, you may take a withdrawal of part of your net cash surrender value once in each policy month. The amount of payment you will receive upon a surrender or withdrawal is based on values calculated as of the day we receive your request in good order or, if that is not a business day, on the next day that is. We generally pay that amount to you within seven days thereafter.

**Additional Information Regarding Surrender and Withdrawal** 

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

With withdrawals, your policy value is automatically reduced by the amount of any withdrawal and the related charges. If the withdrawal results in a reduction in Base Face Amount, a charge equal to a pro-rata portion of any surrender charge will be applied during the surrender charge period. In addition, we reserve the right to charge a withdrawal fee of up to the lesser of 2% of the withdrawal amount or $25.

Because it reduces the policy value, any withdrawal will reduce your death benefit under either Option 1 or Option 2. Under Option 1, such a withdrawal may also reduce the Total Face Amount. Generally, any such reduction in the Total Face Amount will be implemented by first reducing any Supplemental Face Amount then in effect. We reserve the right to approve reductions in the Base Face Amount prior to eliminating the Supplemental Face Amount. You should consider a number of factors in determining whether to continue coverage in the form of Base Face Amount or Supplemental Face Amounts.

Generally, each withdrawal must be at least $500. Unless otherwise specified by you, each account (fixed and investment) will be reduced in the same proportion as the policy value is then allocated among them. We will not permit a withdrawal if it would cause your surrender value to fall below three months' worth of monthly deductions. We reserve the right to refuse any withdrawal that would cause the policy's Base Face Amount to fall below $100,000. If such a reduction in Total Face Amount would cause the policy to fail the Internal Revenue Code's ("Code") definition of life insurance, we will not permit the withdrawal.

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**Loans** 

**Availability of Loans, Limitations and Interest** 

If your policy is in force and has sufficient policy value, you may borrow from it at any time before the insured person has reached age 100 by completing the appropriate form. We process policy loans as of the business day on or next following the day we receive the loan request. You can repay all or part of a loan at any time. Policy loans permanently affect the calculation of your policy value and may also result in adverse tax consequences. The amount of the outstanding loan (which includes accrued and unpaid interest) is subtracted from the amount otherwise payable when the policy proceeds become payable.

Generally, the minimum amount of each loan is $500. The maximum amount you can borrow is determined by a formula as described in your policy, but is generally the greater of (i) 90% of net cash surrender value and (ii) the amount determined as set out below.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then subtract an amount equal to the monthly deductions then being deducted from policy value times the number of full policy months until the next policy anniversary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We then multiply the resulting amount by 1.25% in policy years 1 through 10 and 0% thereafter (although we reserve the right to increase the percentage after the tenth policy year to as much as .25%).

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

Interest is charged on each loan. You can pay the interest or allow it to become part of the outstanding loan balance. The maximum effective annual interest rate we can charge for the loan account is 4.25% for policy years 1-10 and 3.00% for policy years 11 and thereafter. However, we reserve the right to increase the percentage after the tenth policy year to as much as 3.25%. Accrued interest will be added to the loan daily and will bear interest at the same rate as the original loan amount.

The amount of the loan is placed in a special loan account as collateral for the loan. This special loan account will earn interest at an effective annual rate of 3.00%.

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

Unless otherwise specified by you, the amount of the loan is deducted from the variable investment accounts and any fixed account in the same proportion as the policy value is then allocated among them.

Amounts in the loan account do not participate in the investment experience of the variable investment accounts or the fixed account, and therefore loans can affect the policy value and death benefit whether or not the loan is repaid. The policy value, the net cash surrender value, and any death benefit are permanently affected by any loan, whether or not it is repaid in whole or in part. This is because the variable investment accounts or any fixed account and the special loan account will generally have different rates of investment return.

**Other Effects of Loans** 

Taking a loan on the policy increases the risk that the policy may lapse because of the difference between the interest rate charged on the loan and the interest rate credited to the special loan account. When a loan is outstanding, the amount in the loan account is not available to help pay for any policy charges. If, after deducting your policy loan, there is not enough net cash surrender value to cover the policy charges, your policy could lapse. Also, whenever the outstanding loan equals or exceeds your policy value after the insured person reaches age 100, the policy will terminate 31 days after we have mailed notice of termination to you (and to any assignee of record at such assignee's last known address) specifying the amount that must be paid to avoid termination, unless a repayment of at least the amount specified is made within that period.

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

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**Loan Repayments** 

You can repay all or part of a loan at any time. Each repayment will be allocated among the accounts as set out below.

&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 that fixed account.

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

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

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**Other Benefits Available Under the Policy** 

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

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| | | |
|:---|:---|:---|
| **STANDARD BENEFITS** | **STANDARD BENEFITS** | **STANDARD BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Dollar cost averaging | &nbsp;&nbsp; Under the dollar cost averaging program, you will <br> designate an amount that will be transferred <br> monthly from one variable investment account into <br> any other variable investment account or a fixed <br> 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 policy <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> Specified Premium Rider<br>| &nbsp;&nbsp; Pays a specified amount of premium into the policy <br> value each month during the life insured person's <br> total disability.<br>| &nbsp;&nbsp; Total disability must begin between the policy <br> anniversaries nearest the insured person's 5th and <br> 65th birthdays and must be continuous for at least <br> six months. We will not pay the specified premium <br> under this rider if: (1) the total disability results <br> from an intentional, self- inflicted injury or service <br> in the armed forces; or (2) the total disability begins <br> within 2 years after the rider's Issue Date and <br> results from an injury sustained or a disease <br> contracted before the rider's Issue Date. The <br> specified premium may be reduced in the event of a <br> reduction in Total Face Amount. The specified <br> premium paid under this rider may not be sufficient <br> to maintain the policy in force to Age 100.<br>|
| Long-Term Care Rider | &nbsp;&nbsp; Provides for periodic advance payments to you of a <br> portion of the death benefit if the insured person <br> becomes chronically ill as defined in the policy and <br> has received qualified long-term care service while <br> the policy is in force. If you elect this rider, you will <br> also have an option to apply to have a portion of the <br> policy's death benefit advanced to you in the event <br> of terminal illness.<br>| &nbsp;&nbsp; There is a maximum amount of death benefit that <br> we will advance for each month of qualification. <br> Each advance reduces the remaining death benefit <br> under your policy and causes a proportionate <br> reduction in your policy value. We restrict your <br> policy value's exposure to market risk when <br> benefits are paid under the Long-Term Care Rider <br> by transferring all policy value to the fixed account. <br> In addition, you will not be permitted to transfer <br> policy value or allocate any additional premium <br> payment to a variable investment account while <br> rider benefits are paid. There is a significant risk <br> that ownership of a policy with this rider by anyone <br> other than the insured person will cause adverse tax <br> consequences. Benefits paid under this rider do not <br> reduce the No-Lapse Guarantee Premium <br> requirements that may be necessary for the No-<br> Lapse Guarantee to remain in effect after a <br> termination of rider benefits.<br>|

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| | | |
|:---|:---|:---|
| **OPTIONAL BENEFITS** | **OPTIONAL BENEFITS** | **OPTIONAL BENEFITS** |
| **Name of Benefit** | **Purpose** | &nbsp;&nbsp; **Brief Description of**<br> **Restrictions/Limitations**<br>|
| Return of Premium Death <br> Benefit Rider<br>| &nbsp;&nbsp; Provides an additional death benefit payable upon <br> the death of the insured person.<br>| &nbsp;&nbsp; This benefit is available to you only if you elect <br> death benefit Option 1. You must terminate this <br> rider before you can elect any increase to your <br> Supplemental Face Amount.<br>|
| Cash Value Enhancement <br> Rider<br>| Provides an enhancement in cash surrender value. | &nbsp;&nbsp; The decision to add this rider to your policy must <br> be made at issuance of the policy and, once made, <br> is irrevocable.<br>|
| Overloan Protection Rider | &nbsp;&nbsp; Prevents your policy from lapsing on any date if <br> policy debt exceeds the death benefit.<br>| &nbsp;&nbsp; The benefit is subject to a number of eligibility <br> requirements relating to, among other things, the <br> number of years the policy has been in force, the <br> attained age of the insured person, the death benefit <br> option elected and the tax status of the policy.<br>When the Overloan Protection Benefit in this rider <br> is invoked, all values in the variable investment <br> accounts are transferred to the fixed account and <br> will continue to grow at the current fixed account <br> interest rate. Thereafter, policy changes and <br> transactions are limited as set forth in the rider. Any <br> applicable No-Lapse Guarantee under the policy no <br> longer applies, and any supplementary benefit rider <br> requiring a monthly deduction will automatically be <br> terminated.<br>When the Overloan Protection Rider causes the <br> policy to be converted into a fixed policy, there is <br> risk that the Internal Revenue Service could assert <br> that the policy has been effectively terminated and <br> that the outstanding loan balance should be treated <br> as a distribution.<br>|
| Accelerated Benefit Rider | &nbsp;&nbsp; Allows you to make a one-time request to <br> accelerate a portion of your death benefit should <br> the insured person become terminally ill and have a <br> life expectancy of one year or less.<br>| &nbsp;&nbsp; Payment of the benefit amount will reduce your <br> death benefit, cash value or loan value under your <br> policy. This rider is only available with policies that <br> are individually owned.<br>|
| Change of Life Insured <br> Rider<br>| &nbsp;&nbsp; Provides the policy owner the flexibility to change <br> the policy's insured person from one individual to <br> another.<br>| &nbsp;&nbsp; This rider is only available to certain owners <br> purchasing the policy in connection with the <br> financing of employee benefit plan obligations.<br>Many aspects of such a change will be similar to <br> the issuance of a new policy, including our right to <br> evaluate, and begin to base our charge rates on, the <br> insurance risk characteristics of the new insured <br> person. Also, any supplementary benefit rider may <br> apply after the change only with our approval.<br>|
| Long-Term Care <br> Continuation Rider<br>| &nbsp;&nbsp; Provides for continuation of Long Term Care rider <br> benefits beyond when they otherwise would cease. <br> This rider also provides protection against the death <br> benefit being reduced below the lesser of (a) 10% <br> of the Total Face Amount at issue (reduced <br> proportionately for any reduction in Total Face <br> Amount not due to acceleration pursuant to the <br> Long- Term Care Rider) or (b) $25,000.<br>| &nbsp;&nbsp; This rider is available only if you also purchase the <br> Long-Term Care 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 optional supplementary benefit riders by contacting the Service Office at 1-800-732-5543. Charges for most riders will be deducted from the policy value. We may change these charges (or the rates that determine them), but not above any applicable maximum amount stated in your policy specifications. We may add to, delete from or modify the list of optional supplementary benefit riders.

**• <u>Disability Payment of Specified Premium Rider.</u>** This rider is designed to pay an amount of premium, referred to as the Specified Premium, into the policy value each month during the life insured's total disability. The Specified Premium is chosen at issue and shown in the policy specifications.

Total disability is a condition resulting from accidental bodily injury or disease which leaves the insured person (1) incapable of performing the duties of employment or (2) with total and irrecoverable loss of sight of both eyes or use of both hands, both feet or one hand and one foot. Before we will pay Specified Premium, we must receive due proof of the insured person's total disability, which must begin between the policy anniversaries nearest the insured person's 5th and 65th birthdays and must be continuous for at least six months.

Pursuant to the terms and conditions of this rider, we will continue to pay Specified Premium until (1) the insured person's total disability has ceased, (2) the insured person has died, (3) we have not received sufficient proof of continued total disability, or (4) the rider has terminated. However, if total disability begins on or after the policy anniversary nearest the insured person's 60th birthday, we will cease to pay Specified Premium on the earliest of the dates provided above and the day before the policy anniversary nearest the insured person's 65th birthday.

*Example:* Assume that you have chosen a monthly Specified Premium amount of $1,000 and there has not been any change in benefits since your policy was issued. If you qualify for and receive such Specified Premium payments for a 5-year period prior to the insured person's date of death, the total cumulative amount of premiums we will pay into the policy pursuant to this rider will be 60 months (i.e., 5 years) x $1,000 = $60,000. However, the amount of any death benefit paid upon the insured person's death will not be reduced as a result of these payments under the rider.

We will not pay the Specified Premium under this rider if: (1) the total disability results from an intentional, self-inflicted injury or service in the armed forces; or (2) the total disability begins within 2 years after the rider's Issue Date and results from an injury sustained or a disease contracted before the rider's issue date.

The Specified Premium may be reduced in the event of a reduction in Total Face Amount or a change in any rider benefits. We will notify you of any such reduction in the Specified Premium.

This rider will terminate at the earliest of (a) the date your policy terminates, (b) the date you request in writing to terminate this rider, or (c) the date of death of the insured person. However, if total disability begins on or after the policy anniversary nearest the insured person's 60th birthday, the rider will terminate on the earliest of the dates provided above and the policy anniversary nearest the insured person's 65th birthday.

**The Specified Premium paid under this rider may not be sufficient to maintain the policy in force to Age 100. Therefore, you may be required to pay premiums during the period of continuous total disability in order to maintain the policy in force.** 

**• Long-Term Care Rider.** This rider provides for periodic advance payments to you of a portion of the death benefit if the insured person becomes "chronically ill" so that such person: (1) is unable to perform at least two activities of daily living without substantial human assistance or has a severe cognitive impairment; and (2) is receiving certain qualified services described in the rider. The decision to add this rider must be made at issuance of the policy. If you elect this rider, you will also have an option to apply to have a portion of the policy's death benefit advanced to you in the event of terminal illness. *Please note that there is a significant risk that ownership of a policy with this rider by anyone other than the insured will cause adverse tax consequences.* 

Benefits under the Long-Term Care Rider will not begin until we receive proof that the insured person qualifies and has received "qualified long-term care service," while the policy was in force. You must continue to submit evidence during the insured person's lifetime of the insured person's eligibility for rider benefits.

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There is a maximum amount of death benefit that we will advance for each month of qualification. This amount, called the "Maximum Monthly Benefit Amount," is equal to the amount of the death benefit that may be accelerated under the rider (as of the day the insured qualifies for benefits) multiplied by the Monthly Acceleration Percentage, which is the percentage of the death benefit you can accelerate each month. The Monthly Acceleration Percentage must be elected when you apply for the policy and is stated in your policy specifications. The actual amount of any advance is based on the expense incurred by the insured person, up to the Maximum Monthly Benefit Amount, for each day of qualified long-term care service in a calendar month, as described in the rider. We will recalculate the Maximum Monthly Benefit Amount if you make a withdrawal of policy value, and for other events described in the rider. Each advance reduces the remaining death benefit under your policy and causes a proportionate reduction in your policy value. If you have a policy loan, we will use a pro-rata portion of each death benefit advance to repay indebtedness. *For example*, if current indebtedness is $10,000, the death benefit is $100,000, and the gross advance is $2,000, then the net advance would be $1,800 = $2,000 X (1 - ($10,000/ $100,000)). As a result of the advance, the indebtedness will be reduced by $200.

*Example:* Assume that your policy has a Total Face Amount of $1,000,000 and you have elected a Monthly Acceleration Percentage of 2%. The rider's Monthly Benefit Amount is $1,000,000 x 2% = $20,000. In such a case, if the monthly benefit has been paid for 24 months prior to the insured person's date of death, the total cumulative rider benefit paid will be 24 months x $20,000 = $480,000, then the amount of any death benefit we pay will be reduced by $480,000 and the death benefit paid would be $520,000.

We restrict your policy value's exposure to market risk when benefits are paid under the Long-Term Care Rider. We do this in several ways. First, before we begin paying any Monthly Benefit, we will transfer all policy value from the variable investment accounts to the fixed account. (The amount to be transferred will be determined on the business day immediately following the date we approve a request for benefits under the rider.) In addition, you will not be permitted to transfer policy value or allocate any additional premium payment to a variable investment account while rider benefits are paid. Your participation in any of the automatic investment plans will also be suspended during this period.

If the insured person no longer qualifies for rider benefits and your policy remains in force, you will be permitted to invest new premium payments in or transfer existing policy value to the variable investment accounts. (The restriction on transfers from the fixed account will continue to apply.) *Benefits under this rider do not reduce the No-Lapse Guarantee Premium requirements that may be necessary for the No-Lapse Guarantee to remain in effect after a termination of rider benefits.* 

Finally, please note that there is a significant risk that ownership of a policy with this rider by anyone other than the insured person will cause adverse tax consequences. If the owner of the policy is not the insured person, benefit payments may be included in the owner's income, and the death benefit may be part of the estate of the insured person for purposes of Federal estate tax.

**• Return of Premium Death Benefit Rider.** You may elect to have your policy issued with an optional Return of Premium Death Benefit Rider. This rider provides an additional death benefit payable upon the death of the insured person. The Return of Premium Death Benefit has an initial value equal to your initial premium times the "Percentage of Premium" you select (which may range between 0% and 100%). We show the Percentage of Premium you select in the policy specifications page. **This benefit is only available to you if you elect death benefit Option 1.** It may not be used in conjunction with the Disability Payment of Specified Premium or the Long-Term Care Rider.

*Example:* Assume that you have chosen a Return of Premium Benefit of 100% of premiums paid to the insured person's age 100, and the annual premium amount is $10,000. If you pay that premium for 40 years prior to the date of the insured person's death, the rider will increase the death benefit paid by $400,000 [40 years x $10,000].

**• <u>Cash Value Enhancement Rider.</u>** Your policy may be issued with the Cash Value Enhancement Rider. The decision to add this rider to your policy must be made at issuance of the policy and, once made, is irrevocable. The benefit of this rider is that the cash surrender value of your policy is enhanced during the period for which surrender charges are applicable. Under the Cash Value Enhancement Rider, the enhancement is provided by reducing the surrender charge that would otherwise have applied upon policy surrender or lapse.

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Under this rider, the enhancement in cash surrender value is equal to the surrender charge multiplied by the applicable Cash Value Enhancement Waiver Percentage. The applicable Cash Value Enhancement Waiver Percentages under this rider during the Surrender Charge Period are set forth below:

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| | |
|:---|:---|
| **Policy Year** | **Cash Value Enhancement**<br> **Waiver Percentage**<br>|
| 1 | &nbsp;&nbsp; 90% |
| 2 | &nbsp;&nbsp; 80% |
| 3 | &nbsp;&nbsp; 60% |
| 4 | &nbsp;&nbsp; 40% |
| 5 | &nbsp;&nbsp; 20% |
| 6+ | &nbsp;&nbsp; 0% |

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*Example:* Assume that your policy value at the end of year 5 is $100,000. that the applicable surrender charge at that time is $40,000, and that there is no policy debt. The cash value enhancement benefit under this rider at the end of year 5 would be $8,000 [i.e., 20% of $40,000]. If you fully surrendered the policy at the end of year 5, the surrender proceeds paid would be $100,000 - $40,000 + $8,000 = $68,000. This rider does not, however, increase the amount of any death benefit that is payable upon the insured person's death.

**• <u>Overloan Protection Rider.</u>** This rider will prevent your policy from lapsing on any date if policy debt exceeds the death benefit. The benefit is subject to a number of eligibility requirements relating to, among other things, the number of years the policy has been in force, the attained age of the life insured, the death benefit option elected and the tax status of the policy.

*Example:* Assume that your policy's death benefit is $1,000,000 and that you have taken loans of $100,000 per year in policy years 30 through 35 which would cause the policy to then lapse in policy year 40 if further premiums are not paid. Assume also that, at the end of year 35, you exercise the Overloan Protection Rider and pay the one-time rider charge. The policy would then remain in force after policy year 40 without any further premium payments, and the death benefit paid upon the insured person's death would remain $1,000,000 less the amount of the policy debt at the date of death.

When the Overloan Protection Benefit in this rider is invoked, all values in the variable investment accounts are transferred to the fixed account and will continue to grow at the current fixed account interest rate. Transfer fees do not apply to these transfers. Thereafter, policy changes and transactions are limited as set forth in the rider; for example, death benefit increases or decreases, additional premium payments, policy loans, withdrawals, surrender and transfers are no longer allowed. Any outstanding policy debt will remain. Interest will continue to be charged at a rate that will not exceed the overloan protection maximum rate set forth in the policy, and the policy's loan account will continue to be credited with the policy's overloan protection loan interest credited rate set forth in the policy. Any applicable No-Lapse Guarantee under the policy no longer applies, and any supplementary benefit rider requiring a monthly deduction will automatically be terminated.

When the Overloan Protection Rider causes the policy to be converted into a fixed policy, there is risk that the Internal Revenue Service could assert that the policy has been effectively terminated and that the outstanding loan balance should be treated as a distribution. Depending on the circumstances, all or part of such deemed distribution may be taxable as income. You should consult a tax adviser as to the risks associated with the Overloan Protection Rider.

**• <u>Accelerated Benefit Rider.</u>** This rider allows you to make a one-time request to accelerate a portion of your death benefit should the insured person become terminally ill and have a life expectancy of one year or less.

Before we can pay the benefit amount under this rider, the following conditions must be met: (1) you must provide us with written evidence satisfactory to us that that the insured person is terminally ill and has a life expectancy of one year or less, (2) we must receive a written consent of any assignee or any irrevocable beneficiary under the policy and (3) you must claim the benefit voluntarily and not as a way to satisfy a creditor's claim or for government benefits.

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If you satisfy the above conditions, we will pay you up to 50% of the eligible death benefit, up to a maximum of $1,000,000 on the insured person. You will receive your payment in one lump sum. You cannot make another claim under this rider after we have paid the benefit. We will not make a payment if it would be less than $10,000. If more than one policy owner makes a claim, we will pay the benefit in proportion to the amount of eligible death benefit each has on the insured person.

*Example:* Assume that your policy's eligible death benefit is $1,000,000 and that you qualify for an accelerated benefit under this rider. If you elect to take the maximum accelerated benefit of 50%, the amount of such rider benefit will be $1,000,000 x 50% = $500,000. If you submit the claim prior to the insured person's date of death you will receive the $500,000 as a one-time lump sum amount, and the amount of any death benefit that is paid will be reduced by $500,000 plus interest.

Payment of the benefit amount will reduce your death benefit, cash value or loan value under your policy. You should consult your tax adviser and social service agencies before you decide to receive the benefit under this rider. This rider is only available with policies that are individually owned.

**• <u>Change of Life Insurer Rider.</u>** This rider is only available to certain owners purchasing the policy in connection with the financing of employee benefit plan obligations. If you elect this rider, you may change the life insured on or after the second policy anniversary. You must have an insurable interest in the new life insured, and the new life insured must consent in writing to the change. We will require evidence which satisfies us of the new life insured's insurability, and the premiums and charges after the change date will reflect the new life insured's age, sex, risk classification and any additional rating which applies. Supplementary benefits riders on the old life insured will be canceled as of the change date. Supplementary benefits riders may be added on the new life insured as of the change date, subject to our normal requirements and restrictions for such benefits. The validity and suicide provisions of the policy will apply to the entire Face Amount beginning anew as of the change date.

**• <u>Long-Term Care Continuation Rider.</u>** This rider is available only if you also purchase the Long-Term Care Rider. This rider provides protection against the death benefit being reduced below the lesser of $25,000 or 10% of the Total Face Amount under the policy at issue, reduced proportionately for any reduction in the Total Face Amount not due to acceleration under the Long- Term Care Rider. The rider also provides for a continuation of benefits under the Long-Term Care Rider after such benefits would otherwise have ceased. The monthly maximum continuation benefit is determined by multiplying the Monthly Acceleration Percentage specified in the policy specifications times the Total Face Amount at issue.

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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 policy 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 policy value, all or part of that distribution would generally be treated as a return of the premiums you've paid and not subjected to income tax. Any portion not treated as a return of your premiums would be includible in your income.

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

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

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

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

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

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

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

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

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

**<u>Long-term care riders.</u>** If you have elected a Long-Term Care Rider or Long-Term Care Continuation Rider, monthly deductions from policy value to pay the rider charges will reduce your investment in the contract but will not be included in income even if you have recovered all of your investment in the contract.

In addition, if you have elected a long-term care rider, the rider's benefits generally will be excludible from gross income under the Code. The tax-free nature of these accelerated benefits is contingent on the rider meeting specific requirements under section 101 and/or section 7702B of the Code. The riders are intended to meet these standards.

We caution you that there is a significant risk that ownership by anyone other than the person insured by the policy will cause adverse tax consequences. If the owner of the policy is not the insured person, benefit payments may be included in the owner's income, and the death benefit may be part of the insured person's estate for purposes of the Federal estate tax. A policy with a long-term care rider should not be purchased by or transferred to a person other than the insured person unless you have carefully reviewed the tax implications with your tax adviser.

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

**<u>Accelerated benefit riders.</u>** If you have elected the Accelerated Benefit Rider, we intend for the rider's benefits to be excludible from gross income under Section 101 of the Code. Nevertheless, you should consult your tax adviser as to the income tax consequences to you.

**Effect on the Company's Taxes** 

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

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

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**Principal Risks of Investing in the Policy** 

**Lapse Risk** 

If the net cash surrender value is insufficient to pay the charges when due and the No-Lapse Guarantee is not in effect, your policy can terminate (i.e., "lapse"). For example, this can happen because you haven't paid enough premium, because the performance of the variable investment or general account options you've chosen has been poor or because of a combination of both factors. Since withdrawals and policy charges reduce your policy value, these also increase the risk of lapse. Policy loans also increase the risk of lapse. There is no guarantee that your policy will not lapse even if you pay your planned premium.

**Investment Risk/Risk of Loss** 

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

An investment in a policy is also subject to risks related to John Hancock USA, including that the obligations (including under the fixed account option), guarantees, or benefits are subject to the claims-paying ability of John Hancock USA. Information about John Hancock USA, including its financial strength ratings, is available upon request from your John Hancock USA representative. Our current financial strength ratings can also be obtained by contacting the Service Office at 1-800-732-5543.

**Transfer Risk** 

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

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

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

This policy is not a short-term investment and is not appropriate for an investor who needs ready access to cash. There are surrender charges assessed if you surrender your policy in the first nine policy years. Depending on the policy value at the time you are considering surrender, there may be little or no surrender value payable to you.

**Tax Risks** 

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

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

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

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

**Cybersecurity Risks** 

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

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**Additional Information Regarding the Policy** 

**Charges** 

Under the policies, we deduct the charges discussed immediately below under "Deductions from premium payments" and "Deductions from policy 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 charge.</u>** A charge to help defray our sales costs and related taxes. A maximum premium charge of 6% is deducted from all premiums paid. We will stop accepting premium payments at and after the insured person reaches age 100.

**Deductions from policy value.** 

**<u>Administrative charge.</u>** A monthly charge to help cover our administrative costs. This is a flat dollar charge of $25 per month for the first year, and $10 per month thereafter.

**<u>Face Amount charge.</u>** A monthly charge for the first 10 policy years to primarily helps cover sales costs. To determine the charge, we multiply the amount of Base Face Amount at issue by a rate that varies by the insured person's sex, age, death benefit option and risk classification at issue.

**<u>Cost of insurance charge.</u>** A monthly charge for the cost of insurance. To determine the charge, we multiply the NAR by a cost of insurance rate. 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, and the current rates will never be more than the maximum rates shown in the policy. The amount that we are at risk is affected by the death benefit option selected (Option 1 vs. Option 2), the death benefit amount (including any minimum death benefit) and the policy value, which is affected by, among other things, premium payments, investment performance and charges. The cost of insurance rates we use will depend on a number of factors, including the insured person's age at issue, the insurance risk characteristics and (usually) sex of the insured person, and the length of time the policy has been in effect. The cost of insurance rate generally increases each year that you own your policy, as the insured person's age increases.

**<u>Asset-based risk charge.</u>** A monthly charge to help cover sales, administrative and other costs. The charge is a percentage of that portion of your policy value allocated to variable investment accounts. This charge does not apply to the current fixed account. We do not currently impose this charge but reserve the right to do so in the policy.

**<u>Supplementary benefit rider charges.</u>** A charge for any supplementary insurance benefits added to the policy by means of a rider. Maximum charges for the various riders are shown in the Fee Table above under "Transaction Fees" or "Periodic Charges Other than Annual Portfolio Expenses," as appropriate. These charges are also specified in the rider's provisions or the policy specifications. The charges that we currently apply to the Return of Premium Death Benefit Rider, Long-Term Care Continuation Rider and the Accelerated Benefit 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>Loan interest charge.</u>** We will charge interest on any amount you borrow from your policy. The interest charged on any loan is an effective annual rate of 4.25% in the first ten policy years and 3.00% thereafter, although we reserve the right to increase the percentage after the tenth policy year to as much as 3.25%.

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

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**<u>Withdrawal fee.</u>** A fee for each withdrawal of policy value to compensate us for the administrative expenses of processing the withdrawal. The fee is the lesser of 2% of the withdrawal amount or $25. This fee is not currently imposed, but we reserve the right to do so.

**<u>Surrender charge.</u>** A charge we deduct if the policy lapses, is surrendered, or if the Base Face Amount is reduced within the first nine policy years. We deduct this charge to compensate us primarily for sales expenses that we would otherwise not recover in the event of early lapse, a surrender, or a reduction in Base Face Amount. The charge is a percentage of the premiums we received in the first policy year that do not exceed the Surrender Charge Calculation Limit stated in your policy specifications. The percentage applied is dependent upon the policy year during which lapse or surrender occurs. The percentage is graded down proportionately at the beginning of each policy month until the next level is reached. A pro-rata portion of the surrender charge may also be charged in the case of any reduction in Base Face Amount. The pro-rata charge is calculated by dividing the reduction in Base Face Amount by the Base Face Amount immediately prior to the reductions and then multiplying the applicable surrender charge by that ratio.

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

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

The premium, surrender and Face Amount charges help to compensate us for the cost of selling our policies. The amount of the charges in any policy year does not specifically correspond to sales expenses for that year. We expect to recover our total sales expenses over the life of the policies. To the extent that the 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. Similarly, administrative expenses not fully recovered by the administrative charge may also be recovered from such other sources. We also may make a profit from any charge and can use any such profits to defray any of our expenses under the policies or for any other proper corporate purpose.

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

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

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

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

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

**Commissions Paid to Dealers** 

We pay compensation to broker-dealers for the promotion and sale of the policies, and for providing ongoing service in relation to policies that have already been purchased. We may also pay a limited number of broker-dealers commissions or overrides to "wholesale" the policies; that is, to provide marketing support and training services to the broker-dealer firms that do the actual selling. The compensation paid to broker-dealers may vary depending on the selling agreement. The compensation paid is not expected to exceed 135% of target premium paid in the first policy year, and 8% of target premium paid in years 2-10. Compensation paid on any premium in excess of target premium will not exceed 10% in any year. This

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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.** Unless the No-Lapse Guarantee is in effect, a policy will go into default if at the beginning of any policy month the policy's net cash surrender value would be zero or below after deducting the monthly deductions then due. Therefore, a policy could lapse eventually if increases in policy value (prior to deduction of policy charges) are not sufficient to cover policy charges. See "Premium Due Dates" above.

**Reinstatement.** You can reinstate a policy that has gone into default and terminated at any time within 21 days following the date of termination without furnishing evidence of insurability, subject to the following conditions:

(a) The insured person's risk classification is standard or preferred, and

(b) The insured person's attained age is less than 46.

By making a written request, you can reinstate a policy that has gone into default and terminated at any time within the three-year period following the date of termination subject to the following conditions:

(a) You must provide to us evidence of the insured person's insurability that is satisfactory to us; and

&nbsp;&nbsp;&nbsp;&nbsp;(b) You must pay a premium equal to the amount that was required to bring the policy out of default immediately prior to termination, plus the amount needed to keep the policy in force for at least the next three policy months.

If the reinstatement is approved, the date of reinstatement will be the later of the date we approve your request or the date the required payment is received at our Service Office. In addition, any surrender charges will be reinstated to the amount they were at the date of default. The policy value on the date of reinstatement, prior to the crediting of any net premium paid in connection with the reinstatement, will be equal to the policy value on the date the policy terminated. Any policy debt not paid upon termination of a policy will be reinstated if the policy is reinstated.

Generally, the suicide exclusion and incontestability provisions will apply from the effective date of reinstatement. A surrendered policy cannot be reinstated.

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**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, and certain riders and options may not be available due to state insurance laws or restrictions in the state in which the policy is issued. You should refer to your policy for these state specific features.

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

**Policy or Separate Account Changes** 

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

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.

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

**When We Pay Policy Proceeds** 

We will ordinarily pay any death benefit, withdrawal, surrender value or loan within seven days after we receive the last required form or request (and, with respect to the death benefit, any other documentation that may be required). You may choose to receive proceeds from the policy as a single sum. If we do not have information about the desired manner of

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

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

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

**When the Insured Person Reaches 100** 

At or after the policy anniversary nearest the insured person's 100'th birthday, the following will occur:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Any Supplemental Face Amount will be limited (see Base Face Amount and Supplemental Face Amount).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We will stop deducting any monthly deductions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We will stop accepting any premium payments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• You my no longer borrow from your policy.

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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 Life Insurance Company (U.S.A.) Separate Account A, a separate account operated by us under Michigan law (the "Separate Account"). Each subaccount of the Separate Account invests its assets in one of the portfolios shown in the <u>APPENDIX</u>.

The Separate Account's assets are our property. Each policy provides that amounts we hold in the Separate Account pursuant to the policies cannot be reached by any other persons who may have claims against us and can't be used to pay any obligations of John Hancock USA other than those arising out of policies that use the Separate Account. Income, gains and losses credited to, or charged against, the Separate Account reflect the Separate Account's own investment experience and not the investment experience of John Hancock USA's other assets. All obligations under the policies (including under any fixed account option), 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 policy 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 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/AVUL <br>. You can also request this information at no cost by calling 1-800-732-5543 or by sending an email request to life_and_annuities_prospectuses@jhancock.com.

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

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

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

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

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

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

---

------

---

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

---

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

---

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

---

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

------

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

---

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

---

In addition to this prospectus, John Hancock USA has filed with the SEC an SAI that contains additional information about John Hancock USA and the Separate Account, including information on our history, services provided to the Separate Account, and the audited financial statements for John Hancock USA and the Separate Account. The SAI is incorporated by reference into this prospectus and personalized illustrations of death benefits, 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/AVUL <br>. 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. 811-4834—1933 Act File No. 333-85284 <br>EDGAR Contract Identifier No. C000027512

------

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

------

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

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

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

------

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

------

**AMENDMENT TO PRODUCT PROSPECTUSES**

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

---

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

---

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

VL M SUPP (4/2026)

------

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

for interests in

John Hancock Life Insurance Company (U.S.A.) Separate Account A <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 Life Insurance Company (U.S.A.) Separate Account A:

---

| | |
|:---|:---|
| **Name of Policy (and SEC EDGAR Identifier #)** | **Name of Policy (and SEC EDGAR Identifier #)** |
| Accumulation SVUL (C000049287) | Protection Variable Universal Life (C000027516) |
| Accumulation Survivorship Variable Universal Life 2020 <br> (C000219141)<br>| Protection Variable Universal Life 09 (C000076060) |
| Accumulation Variable Universal Life (C000027512) | Protection Variable Universal Life 2012 (C000113133) |
| Accumulation Variable Universal Life 08 (C000069364) | Protection Variable Universal Life 2017 (C000190824) |
| Accumulation Variable Universal Life 2014 (C000141200) | Protection Variable Universal Life 2021 (C000222896) |
| Accumulation Variable Universal Life 2019 (C000215816) | Protection Variable Universal Life 2023 (C000238482) |
| Accumulation Variable Universal Life 2021 (C000227597) | Simplified Life (C000142067) |
| Accumulation Variable Universal Life 2021 Core (C000237559) | SPVL (C000027514) |
| Accumulation Variable Universal Life 2025 (C000255264) | Survivorship VUL (C000027515) |
| Accumulation Variable Universal Life 2025 Employer Market <br> (C000255265)<br>| VUL Accumulator (C000027510) |
| EPVUL (C000027511) | VUL Protector (C000027513) |
| Protection SVUL (C000049286) |  |

---

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_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_1)** | 2 |
| *[Depositor](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_1)* | 2 |
| *[Registrant](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_1)* | 2 |
| **[Services](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_1)** | 2 |
| **[Underwriters](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_1)** | 2 |
| *[Principal Underwriter](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_1)* | 2 |
| *[Offering and Commissions](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_1)* | 2 |
| *[Other Payments](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_2)* | 3 |
| **[Additional Information](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_2)** | 3 |
| *[Sales Load](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_2)* | 3 |
| *[Underwriting Procedures](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_2)* | 3 |
| **[Financial statements](#xx_9bdadb67-ffbd-4bc2-949d-14192a74b6f4_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 Life Insurance Company (U.S.A.) Separate Account A (the "Registrant" or "Separate Account"), is a separate account established by the Depositor under Michigan law on December 4, 2001. 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 A'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/801019/000119312526156874/d866987dnvpfs.htm)[<u>on Form N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312526156874/d866987dnvpfs.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 JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT A (File No. 811-04834) as of December 31, 2025, and for the two years in the period then ended, [<u>incorporated in this SAI by reference to</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312526156874/d866987dnvpfs.htm)[<u>report on Form N-VPFS</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312526156874/d866987dnvpfs.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) Resolution of Board of Directors establishing Separate Account A is incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312510096066/dex9926a.htm)[<u>amendment number 1, file number 333-157212, filed with the Commission in April 2010.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312510096066/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>](d142255dex99302b.htm)

[<u>(d)(1) Form of Specimen Flexible Premium Variable Life Insurance Policy, incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312510096242/dex9926d1.htm)[<u>amendment number 8, file number 333-85284 filed with the Commission on December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312510096242/dex9926d1.htm)

[<u>Form of Policy Endorsement dated 2009, incorporated by reference to post-effective amendment number 2, file number 333-152406,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312510096242/dex9926d1.htm)[<u>filed with the Commission in April 2010.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312510096242/dex9926d1.htm)

[<u>(2) Form of Specimen Supplementary Benefit Disability Benefit Rider Payment of Specified Premium in Event of Life</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d2.txt)[<u>Insured's Total Disability as Defined and Limited Rider, incorporated by reference to post-effective amendment number 8,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d2.txt)[<u>file number 333-85284, filed with the Commission on December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d2.txt)

[<u>(3) Form of Specimen Supplementary Benefit Acceleration of Life Insurance Death Benefit for Qualified Long Term Care</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d3.txt)[<u>Services Rider, incorporated by reference to post-effective amendment number 8, file number 333-85284, filed with the</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d3.txt)[<u>Commission on December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d3.txt)

[<u>(4) Form of Specimen Supplementary Benefit Residual Life Insurance Benefit and Continuation of Acceleration Rider,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d4.txt)[<u>incorporated by reference to post-effective amendment number 8, file number 333-85284, filed with the Commission on</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d4.txt)[<u>December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d4.txt)

[<u>(5) Form of Specimen Supplementary Benefit Return of Premium Death Benefit Rider, incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d5.txt)[<u>amendment number 8, file number 333-85284, filed with the Commission on December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d5.txt)

[<u>(6) Form of Specimen Supplementary Benefit Cash Value Enhancement Rider, incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d6.txt)[<u>amendment number 8, file number 333-85284, filed with the Commission on December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d6.txt)

[<u>(7) Form of Specimen Supplementary Benefit Overloan Protection Rider, incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d7.txt)[<u>amendment number 8, file number 333-85284, filed with the Commission on December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d7.txt)

[<u>(8) Form of Specimen Supplementary Benefit Change of Life Insured Rider, incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d8.txt)[<u>amendment number 8, file number 333-85284, filed with the Commission on December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d8.txt)

[<u>(9) Form of Specimen Accelerated Benefit Rider, incorporated by reference to post-effective amendment number 8, file</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d9.txt)[<u>number 333-85284, filed with the Commission on December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99d9.txt)

[<u>(e) Specimen Application for the Accumulation VUL Insurance Policy, incorporated by reference to post-effective amendment</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99e.txt)[<u>number 8, file number 333-85284, filed with the Commission on December 16, 2005.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312505244258/dex99e.txt)

[<u>(f) (1) Restated Articles of Redomestication of the John Hancock Life Insurance Company (U.S.A.) (formerly, The</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1.txt)[<u>Manufacturers Life Insurance Company (U.S.A.)) dated December 30, 1992, incorporated by reference to post-effective</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1.txt)[<u>amendment number 9, file number 333-85284, filed with the Commission on April 30, 2007.</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1.txt)

[<u>(a) Amendment to the Articles of Redomestication of John Hancock Life Insurance Company (U.S.A.) (formerly, The</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f1a.txt)[<u>Manufacturers Life Insurance Company (U.S.A.)) dated July 16, 2004, incorporated by reference to pre-effective amendment</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f1a.txt)[<u>number 1, file number 333-126668, filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f1a.txt)

[<u>(b) Amendment to the Articles of Redomestication effective January 1, 2005, incorporated by reference to post-effective</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1b.txt)[<u>amendment number 9, file number 333-85284, filed with the Commission on April 30, 2007.</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f1b.txt)

------

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

[<u>(c) Amended and Restated Articles of Redomestication and Articles of Incorporation of John Hancock Life Insurance</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f1c.htm)[<u>Company (U.S.A.) dated July 26, 2010, and further amended as of November 20, 2012,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f1c.htm)[<u>incorporated by reference to post-effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f1c.htm)[<u>amendment number 1, file number 333-179570, filed with the Commission on April 24, 2013.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f1c.htm)

[<u>(2) By-laws of John Hancock Life Insurance Company (U.S.A.) (formerly, The Manufacturers Life Insurance Company</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2.txt)[<u>(U.S.A.)) dated December 2, 1992, incorporated by reference to pre-effective amendment number 1, file number 333-126668,</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2.txt)[<u>filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2.txt)

[<u>(a) Amendment to the By-laws of John Hancock Life Insurance Company (U.S.A.) (formerly, The Manufacturers Life</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2a.txt)[<u>Insurance Company (U.S.A.)) dated June 7, 2000, incorporated by reference to pre-effective amendment number 1, file</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2a.txt)[<u>number 333-126668, filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2a.txt)

[<u>(b) Amendment to the By-laws of John Hancock Life Insurance Company (U.S.A.) (formerly, The Manufacturers Life</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2b.txt)[<u>Insurance Company (U.S.A.)) dated March 12, 1999, incorporated by reference to pre-effective amendment number 1, file</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2b.txt)[<u>number 333-126668, filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927f2b.txt)

[<u>(c) Amendment to the By-laws of John Hancock Life Insurance Company (U.S.A.) (formerly, The Manufacturers Life</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f2c.txt)[<u>Insurance Company (U.S.A.)) dated July 16, 2004, incorporated by reference to post-effective amendment number 9, file</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f2c.txt)[<u>number 333-85284, filed with the Commission on April 30, 2007.</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927f2c.txt)

[<u>(d) Amended and Restated By-laws of John Hancock Life Insurance Company (U.S.A.) dated October 23, 2012,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f2d.htm)[<u>incorporated</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f2d.htm)[<u>by reference to post-effective amendment number 1, file number 333-179570, filed with the Commission on April 24, 2013.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312513170649/d480972dex9926f2d.htm)

(g) The Depositor maintains reinsurance arrangements in the normal course of business, none of which are material.

[<u>(h) (1) Participation Agreement among the Manufacturers Insurance Company (U.S.A.), the Manufacturers Insurance</u>](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h1.txt)[<u>Company of New York, PIMCO Variable Insurance Trust and PIMCO Advisors Distributors LLC dated April 30, 2004,</u>](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h1.txt)[<u>incorporated by reference to pre-effective amendment number 1, file number 333-126668, filed with the Commission on</u>](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h1.txt)[<u>October 12, 2005.</u>](https://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h1.txt)

[<u>(2) Participation Agreement among John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)[<u>of New York, and John Hancock Trust dated April 20, 2005, incorporated by reference to pre-effective amendment number 1,</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)[<u>file number 333-126668, filed with the Commission on October 12, 2005.</u>](http://www.sec.gov/Archives/edgar/data/813572/000119312505200355/dex9927h2.txt)

[<u>(3) Participation Agreement among John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company</u>](http://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926h3.htm)[<u>of New York, and M Financial Investment Advisers, Inc. dated November 13, 2009, incorporated by reference to file number</u>](http://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926h3.htm)[<u>333-164150, filed with the Commission on January 4, 2010.</u>](http://www.sec.gov/Archives/edgar/data/906790/000119312510000058/dex9926h3.htm)

[<u>(4) Shareholder Information Agreement between John Hancock Life Insurance Company (U.S.A.), John Hancock Life</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[<u>Insurance Company of New York, John Hancock Life Insurance Company, John Hancock Variable Life Insurance, and John</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[<u>Hancock Trust portfolios (except American Funds Insurance Series) dated April 16, 2007, incorporated by reference to</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)[<u>post-effective amendment number 9, file number 333-85284, filed with the Commission in April, 2007.</u>](http://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h3.txt)

[<u>(5) Shareholder Information Agreement between John Hancock Life Insurance Company (U.S.A.), John Hancock Life</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[<u>Insurance Company of New York, John Hancock Life Insurance Company, John Hancock Variable Life Insurance, and John</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[<u>Hancock Trust on behalf of series of the Trust that are feeder funds of the American Funds Insurance Series dated April 16,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[<u>2007, incorporated by reference to post-effective amendment number 9, file number 333-85284, filed with the Commission</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)[<u>in April, 2007.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312507094977/dex9927h4.txt)

[<u>(6) Participation Agreement between Northern Lights Variable Trust and John Hancock Life Insurance Company (U.S.A.) and</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312521127005/d120678dex9926h6.htm)[<u>John Hancock Life Insurance Company of New York, incorporated by reference to post-effective amendment number 1, file</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312521127005/d120678dex9926h6.htm)[<u>number 333-248502, filed with the Commission on April 23, 2021.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312521127005/d120678dex9926h6.htm)

[<u>(6)(a) Amendment to Participation Agreement between Northern Lights Variable Trust and John Hancock Life Insurance</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h6a.htm)[<u>Company (U.S.A.) and John Hancock Life Insurance Company of New York, incorporated by reference to Form N-6, File No.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h6a.htm)[<u>333-286256, filed with the Commission on March 31, 2025.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h6a.htm)

[<u>(7) Administrative and Distribution Services Agreement between Northern Lights Variable Trust and John Hancock Life</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524238764/d861928dex9930h7.htm)[<u>Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, incorporated by reference to Post-Effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524238764/d861928dex9930h7.htm)[<u>Amendment No. 7, File No. 333-254211, filed with the Commission on October 17, 2024</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524238764/d861928dex9930h7.htm)

[<u>(7)(a) Amendment to Administrative and Distribution Services Agreement between Northern Lights Variable Trust and John</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h7a.htm)[<u>Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York, incorporated by</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h7a.htm)[<u>reference to Form N-6, File No. 333-286256, filed with the Commission on March 31, 2025.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525068708/d125913dex9930h7a.htm)

(i) (1) [<u>Service agreement between Manulife Financial Corporation and the Manufacturers Life Insurance Company (U.S.A.),</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312514162405/d670471dex9926i1.htm)[<u>dated January 1, 2001, incorporated by reference to post-effective amendment number 6, file number 333-179570, filed with</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312514162405/d670471dex9926i1.htm)[<u>the Commission April 28, 2014.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312514162405/d670471dex9926i1.htm)

------

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

(j) Not applicable.

[<u>(k) Opinion and consent of counsel for John Hancock Life Insurance Company (U.S.A.), incorporated by reference to pre-effective</u>](https://www.sec.gov/Archives/edgar/data/801019/000095013502005585/b44884uaexv99w2xay.txt)[<u>amendment number 1, file number 333-100597, filed with the Commission on December 16, 2002.</u>](https://www.sec.gov/Archives/edgar/data/801019/000095013502005585/b44884uaexv99w2xay.txt)

(l) Not Applicable.

(m) Not Applicable.

[<u>(n) Consent of Independent Registered Public Accounting Firm, filed herewith.</u>](d142255dex9930n.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>](d142255dex9930n1.htm)[<u>herewith.</u>](d142255dex9930n1.htm)

(o) Not Applicable.

(p) Not Applicable.

[<u>(q) Memorandum Regarding Issuance, Face Amount Increase, Redemption and Transfer Procedures for the Policies.</u>](https://www.sec.gov/Archives/edgar/data/801019/000095013502003115/b43403mlexv99w6.txt)[<u>Incorporated by reference to post-effective amendment no. 2, file number 333-45970 filed June 25, 2002.</u>](https://www.sec.gov/Archives/edgar/data/801019/000095013502003115/b43403mlexv99w6.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)

[<u>(iii) Power of Attorney for Aimee DeCamillo, incorporated by reference to Post-Effective Amendment No. 8, File No. 333-236447,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524167852/d854371dex9930iii.htm)[<u>filed with the Commission on June 25, 2024.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524167852/d854371dex9930iii.htm)

[<u>(iv) Power of Attorney for Dara Gough, incorporated by reference to Post-Effective Amendment No. 8, File No. 333-236447,</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524167852/d854371dex9930iv.htm)[<u>filed with the Commission on June 25, 2024.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524167852/d854371dex9930iv.htm)

(v)[<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/801019/000119312524238764/d861928dex9930iii.htm)[<u>Stephanie Nam, Ken Ross, Alex Silva, Brooks Tingle, Shamus Weiland, and Henry H. Wong, incorporated by reference to</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524238764/d861928dex9930iii.htm)[<u>Post-Effective Amendment No. 7, File No. 333-254211, filed with the Commission on October 17, 2024</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312524238764/d861928dex9930iii.htm)

(vi)[<u>Powers of Attorney for Eileen Cloherty, Nora N. Crouch, Aimee DeCamillo, Dara Gough, Thomas E. Hampton, J.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525161784/d45824dex9930i.htm)[<u>Stephanie Nam, Ken Ross, Alex Silva, Brooks Tingle, Shamus Weiland, and Adam T. Wise, incorporated by reference to</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525161784/d45824dex9930i.htm)[<u>Pre-Effective Amendment No. 1, File No. 333-286256, filed with the Commission on July 21, 2025.</u>](https://www.sec.gov/Archives/edgar/data/801019/000119312525161784/d45824dex9930i.htm)

------

*Item 31. Directors and Officers of the Depositor* 

OFFICERS AND DIRECTORS OF JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.):

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Brooks Tingle<br> 200 Berkeley Street<br> Boston, MA 02116<br>| Chair, Director, President & Chief Executive Officer |
| Nora N. Crouch <br> 804 Pepper Avenue <br> Richmond, VA 23226<br>| Director |
| Aimee DeCamillo<br> 200 Berkeley St.<br> Boston, MA 02116<br>| &nbsp;&nbsp; Director, Executive Vice President, & Global Head of <br> Retirement<br>|
| Dara Gough<br> 200 Berkeley St.<br> Boston, MA 02116<br>| Director, Vice President |
| Thomas E. Hampton <br> 5207 2nd Street NW<br> Washington, DC 20011 <br>| Director |
| J. Stephanie Nam<br> 129 State Street<br> Portsmouth, NH 03801<br>| Director |
| Ken Ross<br> 200 Berkeley St.<br> Boston, MA 02116<br>| Director, Vice President |
| Shamus Weiland<br> 200 Bloor Street<br> E. Toronto, ON M4W 1E5<br>| Director |
| Adam T. Wise<br> 197 Clarendon Street<br> Boston, MA 02116<br>| Director & Vice President |
| **Executive Vice Presidents** |  |
| Andrew G. Arnott\*\* | Global Head of Institutional, Product, and Strategy |
| **Senior Vice Presidents** |  |
| John Addeo\*\* | Global Fixed Income Chief Investment Officer |
| John C.S. Anderson\*\* | Global Head of Corporate Finance and Infrastructure |
| Peter Chung\* | Global Head of Corporate Development |
| Kevin J. Cloherty\*\* | Deputy General Counsel, Global Markets |
| Jackie Collier\*\* | GWAM Chief Compliance Officer |
| Kristie Feinberg\* | &nbsp;&nbsp; President of Manulife JH Investments and Head of Retail <br> MIM<br>|
| Maryscott Greenwood\*\* | Global Head of Regulatory & Public Affairs |
| Len van Greuning\* | Chief Information Officer MIM |
| Lindsay Hanson\* | US Chief Marketing Officer |
| Hector Martinez\* | Head of US Insurance |
| John B Maynard\*\* | Deputy General Counsel, Legacy, Reinsurance & Tax |
| Joelle Metzman\*\* | GWAM Chief Risk Officer |
| Sinead O'Connor\* | Global Head of Inforce Management |
| Wayne Park\* | Head of US Retirement and MIM |
| Gerald Peterson\*\* | Global Head of Operations and Data Management |
| Nicole Rafferty\*\*\* | Global Head of Contact Centers |
| Chet Ritchie\* | Global Head of Talent Acquisition |
| Susan Roberts\* | Head of LTC Customer Care and Integrations |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Ian Roke\*\* | Global Head of Financial Risk Management |
| Thomas Samoluk\*\* | US General Counsel and US Government Relations |
| Anthony Teta\* | US Head of Inforce Management |
| Nathan Thooft\*\* | MAS and Global Equities Chief Investment Officer |
| Anne Valentine-Andrews\*\*\* | Global Head of Private Markets |
| Blake Witherington\*\* | US Chief Credit Officer |
| Henry H. Wong\*\* | Chief Investment Officer |
| **Vice Presidents** |  |
| Jay Aronowitz\*\* |  |
| Kevin Askew\*\* |  |
| William Auger\* |  |
| Jack Barry\* |  |
| Paul Batten\*\* |  |
| P.J. Beltramini\* |  |
| Abigail M Benham\* |  |
| Mark G Bensman\*\*\* |  |
| Alexander Beoglin\*\* |  |
| Jon Bourgault\*\* |  |
| J.J. Bowman\* |  |
| Paul Boyne\*\* |  |
| James Brandell\* |  |
| Ted Bruntrager\* | Chief Compliance Officer & Chief Risk Officer |
| Grant Buchanan\*\*\* |  |
| Ginger Burns Beaupre\*\* |  |
| Brendan Campbell\* |  |
| Yan Rong Cao\* |  |
| Rick A. Carlson\*\* |  |
| Patricia Rosch Carrington\*\* |  |
| Jeffrey Cathie\* |  |
| Ken K. Cha\* |  |
| Christopher M. Chapman\*\* |  |
| Sheila Chernicki\* |  |
| Eileen Cloherty\* | Chief Accounting Officer & Controller |
| Maggie Coleman\*\*\* |  |
| Catherine Z. Collins\*\* |  |
| Doug Comer\* |  |
| Meredith Comtois\* |  |
| Thomas D. Crohan\*\* |  |
| Susan Curry\*\* |  |
| Ken D'Amato\*\* |  |
| Michelle M. Dauphinais\* |  |
| Ryan Davies\*\* |  |
| Frederick D Deminico\*\* |  |
| Susan P Dikramanjian\*\* |  |
| William D Droege\*\* |  |
| Jeffrey Duckworth\*\* |  |
| Jodi Enggasser\* |  |
| Jieyu Fan\* |  |
| Marc Feliciano\*\* |  |
| Katie M. Firth\*\* |  |
| Lauren Marx Fleming\*\* |  |
| Mark Flinn\*\* |  |
| Philip J. Fontana\*\* |  |
| Laura Foster\*\*\* |  |
| Matthew Gabriel\* |  |
| Paul Gallagher\*\* |  |
| Melissa Gamble\*\* |  |
| Scott B Garfield\*\* |  |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Marco Giacomelli\*\*\* |  |
| Jeffrey N. Given\*\* |  |
| Thomas C. Goggins\*\* |  |
| Miguel Gonzalez\* |  |
| Howard C. Greene\*\* |  |
| Erik Gustafson\*\* |  |
| Ryan M Hanna\*\*\* |  |
| Richard Harris\*\*\* | Appointed Actuary |
| Jessica Harrison\*\*\* |  |
| John Hatch\* |  |
| Katharine Hayes\* |  |
| Justin Helferich\*\*\* |  |
| Michael Hession\* |  |
| Philip Huvos\* |  |
| Sesh Iyengar\*\* |  |
| Kinga Kapuscinski\*\* |  |
| Gillian Kelley\* |  |
| Geoffrey Grant Kelley\*\* |  |
| Recep C. Kendircioglu\*\* |  |
| Neal P. Kerins\* |  |
| Brian J Kernohan\*\*\* |  |
| Michael P King\*\*\* |  |
| Heidi Knapp\*\* |  |
| Tomoko Kosinski\*\* |  |
| Robert Krempus\*\*\* |  |
| Diane R. Landers\*\* |  |
| Michael Landolfi\*\* |  |
| Tracy Lannigan\*\* | Counsel and Corporate Secretary |
| Peter Lathrop\* |  |
| Michael Lebowitz\*\*\* |  |
| Jessica Lee\*\*\* |  |
| Eric Lippart\*\*\* |  |
| Hua Liu\*\*\* | Treasury |
| Scott Lively\*\* |  |
| David Loh\*\*\* |  |
| Brad Lutz\*\* |  |
| Patrick MacDonnell\*\* |  |
| Shawn McCarthy\*\* |  |
| Andrew J. McFetridge\*\* |  |
| Jonathan McGee\*\* |  |
| Katie L. McKay\*\* |  |
| Eric S. Menzer\*\* |  |
| Stella Mink\*\*\* |  |
| Matthew Miskin\*\* |  |
| Michelle Morey\* |  |
| Patricia Wall Mundy\* |  |
| Catherine Murphy\* | Deputy Appointed Actuary |
| Richard Myrus\*\* |  |
| Lisa Natalicchio\* |  |
| Scott Navin\*\* |  |
| Frank G O'Neill\*\*\* |  |
| Pragya Pandit\* |  |
| Chirag T Patel\*\*\* |  |
| Gary M. Pelletier\*\* |  |
| David Pemstein\*\* |  |
| Joanne Pietrini Smith\* |  |
| Susan J Pirog\* |  |
| Jessica Portelance\*\*\* |  |

---

------

---

| | |
|:---|:---|
| **Name and Principal Business Address** | **Position with Depositor** |
| Jason M. Pratt\*\* |  |
| Peta-Gaye M Prinn\*\* |  |
| Ed Rapp\*\* |  |
| Todd Renneker\*\* |  |
| Emily Roland\*\* |  |
| Timothy A Roseen\*\* |  |
| Barbara H. Rosen-Campbell\*\* |  |
| Caryn Rothman\*\* |  |
| Ryan Sample\*\* |  |
| Jeffrey R. Santerre\*\* |  |
| Michael Scanlon\*\* |  |
| Marcia Schow\*\* |  |
| Christopher L. Sechler\*\* |  |
| Estelle Shaw-Latimer\*\*\* |  |
| Thomas Shea\*\* |  |
| Lisa Shepard\*\* |  |
| Bill Shields\*\* |  |
| Alex Silva\* | Chief Financial Officer |
| Fernando A Silva\*\* |  |
| Susan Simi\*\* |  |
| Nathan Slichter\*\*\* |  |
| Brittany Straughn\* |  |
| Katherine Sullivan\*\* |  |
| Trevor Swanberg\*\* |  |
| Robert E. Sykes, Jr.\*\* |  |
| Wilfred Talbot\* |  |
| Gary Tankersley\* |  |
| Michelle Taylor-Jones\* |  |
| Anne Thibeault\* |  |
| Brian E. Torrisi\*\* |  |
| Gina Goldych Walters\*\* |  |
| Adam Weigold\*\* |  |
| Craig White\*\* |  |
| Jonathan T. White\*\* |  |
| Charles J. Wiegersma\* |  |
| Bryan Wilhelm\* |  |
| Karin Wilsey\*\* |  |
| Josiah K Winslow\*\* |  |
| Thomas Zakian\*\* |  |

---

*\*Principal Business Office is 200 Berkeley Street, Boston, MA 02116* 

*\*\*Principal Business Office is 197 Clarendon Street, Boston, MA 02116* 

*\*\*\*Principal Business Office is 200 Bloor Street, Toronto, Canada M4W1E5*

*Item 32. Persons Controlled by or Under Common Control with the Depositor or the Registrant* 

The Registrant is a separate account of the Depositor operating as a unit investment trust. The Registrant supports benefits payable under the Depositor's variable life insurance policies by investing assets allocated to various investment options in shares of John Hancock Variable Insurance Trust (formerly, John Hancock Trust) and other mutual funds registered under the Investment Company Act of 1940 as open-end management investment companies of the "series" type.

As of the effective date of the registration statement, the Company and its affiliates are controlled by Manulife Financial Corporation.

------

![](g415366orgchart_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 Life Insurance Company (U.S.A.) Separate Account A

(Registrant)

By: JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)

By: \*____________________

Brooks Tingle

Chair, President, and Chief Executive Officer

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.)

(Depositor)

By: \*____________________

Brooks Tingle

Chair, President, and Chief Executive Officer

/s/Michael A. Ramirez<br>Michael A. Ramirez, as Attorney-In-Fact<br>

*\*Pursuant to Power of Attorney* 

------

**Signatures** 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of the 21st day of April, 2026.

---

| | |
|:---|:---|
| **Signatures** | **Title** |
| \*<br>Brooks Tingle<br>| Chair, President, and Chief Executive Officer |
| \*<br>Alex Silva<br>| Chief Financial Officer |
| \*<br>Eileen Cloherty<br>| Chief Accounting Officer and Controller |
| \*<br>Nora N. Crouch<br>| Director |
| \*<br>Aimee DeCamillo<br>| Director |
| \*<br>Dara Gough<br>| Director |
| \*<br>Thomas E. Hampton<br>| Director |
| \*<br>J. Stephanie Nam<br>| Director |
| \*<br>Ken Ross<br>| Director |
| \*<br>Shamus Weiland<br>| Director |
| \*<br>Adam T. Wise<br>| Director |
| /s/Michael A. Ramirez<br>Michael A. Ramirez, as Attorney-In-Fact<br>|  |

---

*\*Pursuant to Power of Attorney*

------

## Exhibit 99.30

---

| | | |
|:---|:---|:---|
| **Title** | **Business Lines** | **BD Tax ID#** |
|  1st Discount Brokerage, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 65-0592899 |
| A. P. Securities, Inc. | 529 |  |
|  Abacus Investments, Inc. | Annuity; Life; Group Pension; JHVLICO | 39-1768558 |
|  Access Financial Group, Inc. | Annuity; Group Pension; JHVLICO | 13-3696056 |
|  Access Investments, Inc. | Annuity; Life; Group Pension | 73-1505851 |
|  ACE Diversified Capital, Inc. | Annuity; Life; Group Pension | 95-4591545 |
|  Advanced Advisor Group, LLC | 529;#Annuity; Life; Group Pension | 35-2261591 |
|  Adviser Dealer Services, Inc. | Annuity; Life; Group Pension | 31-1391437 |
|  Advisory Group Equity Services LTD | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 04-2830039 |
|  Aegis Capital Corp. | 529;#Group Pension;#Life;#Annuity (servicing only) | 11-2671906 |
|  Aegis Investments, Inc. | Group Pension;#Life;#Annuity (servicing only) | 41-1540307 |
|  Alamo Capital | Annuity; 529; Life; Group Pension | 68-0134926 |
|  Alexander Investment Services Co. | Annuity; 529 | 61-0652524 |
|  Allegheny Investments, Ltd. | Annuity; 529; Life; Group Pension; JHVLICO | 25-1326593 |
|  Richard Brothers Securities (dba Allegiance Capital, LLC) | Annuity; 529; Life; Group Pension | 01-0538310 |
|  Allen, Mooney & Barnes Brokerage Services, LLC | Group Pension | 74-3070309 |
|  Allstate Financial Services, LLC | Annuity; 529; Life; Group Pension | 47-0826838 |
|  American Capital Partners, LLC | Annuity | 01-0564479 |
|  American Financial Associates, Inc. | Annuity; Life; Group Pension; JHVLICO | 23-2654301 |
|  American Heritage Securities, Inc. | Annuity | 34-1695617 |
|  American Independent Securities Group, LLC | Annuity; 529; Life; Group Pension | 20-2190456 |
|  American Investors Company | Annuity; 529; Life; Group Pension; JHVLICO | 94-2201424 |
|  Amuni Financial Inc. | Annuity; 529; Life; Group Pension | 59-2023127 |
|  American Wealth Management, Inc. | Annuity; 529; Life; Group Pension | 58-1867326 |
|  Ameriprise Financial Services, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 41-0973005 |
|  Ameritas Investment Corp | Annuity; 529; Life; Group Pension; JHVLICO | 47-0663374 |
|  Andrew Garrett Inc. | Annuity; 529; Life; Group Pension | 43-1613019 |
|  Aon Securities Inc. | Group Pension;#Life;#Annuity (servicing only);#TOHI | 13-2642812 |
|  TRADINGBLOCK | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-4535546 |
|  Arete Wealth Management, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 39-1918659 |
|  Arlington Securities, Incorporated | Annuity; 529; Life; Group Pension | 38-2711392 |
|  Arvest Asset Management | Annuity; Life; Group Pension; JHVLICO | 71-0794602 |
|  Associated Investment Services, Inc. | Annuity; 529; Life; Group Pension | 39-0210110 |
|  Ausdal Financial Partners, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 42-1129623 |
|  Aventura Securities, LLC | Annuity; 529; Life; Group Pension | 20-5452876 |
|  Avisen Wealth Management, Inc. | Annuity; 529; Group Pension | 06-1676986 |
|  Avondale Partners, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 62-1761948 |
|  AXA Advisors, LLC | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 06-1555494 |
|  B.B. Graham & Company, Inc. | Annuity; 529; Life; Group Pension | 95-4587418 |
|  Bankoh Investment Services, Inc. | 529;#Annuity; Life; Group Pension | 99-0291948 |
|  GVC Capital LLC | 529 |  |
|  Somerset Securities, Inc. | Annuity; Life; Group Pension | 04-3333156 |
|  BCG Securities, Inc. | Annuity; 529; Life; Group Pension | 23-1664237 |
|  Beaconsfield Financial Services, Inc. | 529;#Annuity | 25-1447238 |
|  Benefit Funding Services, LLC | Annuity; Life; Group Pension | 86-0891039 |
|  Benjamin F. Edwards & Company, Inc. | Annuity; 529; Life; Group Pension | 26-3199152 |
|  Benjamin Securities, Inc. | 529 |  |
|  Berthel Fisher & Company Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 42-1029773 |
|  BestVest Investments, Ltd. | Annuity; Life; Group Pension | 32-3220312 |
|  BFT Financial Group, LLC | Annuity; 529; Life; Group Pension | 75-2856929 |
|  BG Worldwide Securities, Inc. | Life; JHVLICO | 30-0039439 |
|  BHK Securities, LLC | Annuity; Group Pension | 20-2455216 |
|  Black Oak Securities, Inc. | Group Pension | 37-1299579 |
|  Blakeslee And Blakeslee Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 77-0017182 |
|  BOK Financial Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 73-1275307 |
|  Brighton Securities Corp. | Group Pension;#Life;#Annuity; 529 | 16-0961085 |
|  Bristol Financial Services, Inc. | Annuity; Life; Group Pension | 20-3156765 |
|  INTEGRITY ALLIANCE, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 20-3749442 |
|  Brown Associates, Inc. | Annuity; Life; Group Pension | 62-0808843 |
|  Buckman, Buckman & Reid, Inc. | Annuity; Life; Group Pension | 22-2926943 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Buttonwood Partners, Inc. | Annuity; Life; Group Pension | 39-1674219 |
|  Cadaret, Grant & Co., Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-2361254 |
|  Callaway Financial Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 75-2855666 |
|  Calton & Associates, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 59-2845944 |
|  Cambridge Investment Research, Inc. | BOLI;#Annuity; 529; Life; Group Pension; JHVLICO | 42-1445429 |
|  Camden Financial Services | Annuity; JHVLICO | 33-0653990 |
|  Cape Securities, Inc. | Annuity; 529; Life; Group Pension | 56-1128974 |
|  CapFinancial Securities, LLC | BOLI;#Annuity; 529; Life; Group Pension | 46-4350797 |
|  Capital Brokerage Corporation | Annuity; Life; Group Pension; JHVLICO | 91-1143830 |
|  Capital City Securities, LLC | Annuity; 529; Life; Group Pension | 20-2350070 |
|  Capital Investment Brokerage, Inc. | Annuity; 529; Life; Group Pension | 56-1958819 |
|  Capital Investment Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 56-1394939 |
|  Capital Management Securities, Inc. | Annuity; Life; Group Pension | 41-1249586 |
|  Capital Portfolio Management, Inc. | Group Pension;#529;#Life;#Annuity (servicing only) | 52-1744548 |
|  Capitol Securities Management, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 54-1170635 |
|  Cardinal Investments, Inc. | 529;#Group Pension;#Life;#Annuity | 37-1326529 |
|  Carl M. Hennig, Inc. | 529 |  |
|  Carolinas Investment Consulting LLC | Annuity; Life; Group Pension | 56-2204761 |
|  Carter, Terry & Company, Inc. | Annuity; 529; Life; Group Pension | 58-1608676 |
|  Carty & Company, Inc. | Annuity; 529; Life; Group Pension | 62-0842403 |
|  Cary Street Partners LLC | 529;#Annuity; Life; Group Pension | 32-0007529 |
|  Cascade Investment Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 84-1245938 |
|  CBIZ Financial Solutions, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 52-1396995 |
|  Citizens Securities, Inc. | 529;#Annuity; Life; Group Pension | 05-0487400 |
|  Centaurus Financial, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 33-0530236 |
|  Centennial Securities Company, Inc. | Group Pension;#Annuity;#Annuity; 529; JHVLICO | 38-2214928 |
|  Stifel Independent Advisors, LLC | Annuity; Life; Group Pension; JHVLICO | 43-1567959 |
|  Ceros Financial Services, Inc. | Annuity; 529; Life; Group Pension | 04-3249931 |
|  CFD Investments, Inc. | 529;#Group Pension;#JHVLICO;#Life;#BOLI | 35-1692812 |
|  Chapin, Davis | Annuity; 529 | 52-1715615 |
|  J.P. Morgan Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 13-4110995 |
|  Chauner Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 36-3356325 |
|  Chelsea Financial Services | Annuity; Life; Group Pension | 11-3489062 |
|  CIG Securities | 529;#Group Pension;#Life;#Annuity (servicing only) | 20-0194097 |
|  Citigroup Global Markets Inc. | 529;#Group Pension;#Life;#Annuity (servicing only);#Annuity; 529; Life; Group Pension; JHVLICO | 11-2418191 |
|  City National Securities, Inc. | 529 |  |
|  Realta Equities, Inc. | 529;#Group Pension;#Life;#Annuity | 56-2456935 |
|  Coker & Palmer, Inc. | Annuity; Life; Group Pension | 64-0802631 |
|  Comerica Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 38-2621207 |
|  Commerce Brokerage Services, Inc. | Annuity; 529; Life; Group Pension | 43-1381067 |
|  Commonwealth Financial Network | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 04-2675571 |
|  Compak Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 13-4225974 |
|  BBVA Securities, Inc. | Annuity; 529; Life; Group Pension | 75-2329230 |
|  Compass Securities Corporation | Annuity; Life; Group Pension | 04-2844064 |
|  APW Capital, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-3526587 |
|  Consolidated Financial Investments, Inc. | Annuity; Group Pension | 43-1490793 |
|  Continental Investors Services, Inc. | 529;#Group Pension;#Annuity (servicing only) | 91-1543805 |
|  Cooper Malone McClain, Inc. | Annuity; Life; Group Pension | 48-1024628 |
|  Coordinated Capital Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 39-1468428 |
|  Correll Co. Investment Services Corp. | Annuity; 529; Life; Group Pension; JHVLICO | 36-3400965 |
|  Country Club Financial Services, Inc. | Annuity; Life; Group Pension; BOLI | 43-1604510 |
|  Courtlandt Securities Corporation | Annuity; Life; Group Pension | 20-2966004 |
|  CPS Financial & Insurance Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 33-0701950 |
|  Cresap Inc. | Annuity;#JHVLICO;#529 | 23-2589413 |
|  Crews & Associates, Inc. | Annuity; 529; Life; Group Pension | 71-0522369 |
|  CUNA Brokerage Services, Inc. | BOLI;#Annuity; 529; Life; Group Pension; JHVLICO |  |
|  Cutter & Company, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 43-1477566 |
|  CW Securities, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 30-0149369 |
|  D.A. Davidson & Co. | Annuity; 529; Life; Group Pension | 81-0139474 |
|  D.H. Hill Securities LLP | Annuity; 529; Life; Group Pension | 76-0505272 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Davenport & Company LLC | Annuity; 529; Life; Group Pension; JHVLICO | 54-1835842 |
|  Sanctuary Securities, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 36-2957364 |
|  Davinci Capital Management Inc. | 529;#Annuity; Life; Group Pension | 01-0522492 |
|  Dawson James Securities, Inc. | Annuity; 529; Life; Group Pension | 20-0161722 |
|  Bolton Global Capital, Inc. | Annuity; 529; Life; Group Pension | 04-2848146 |
|  Dempsey Lord Smith, LLC | Annuity; 529; Life; Group Pension | 20-4853289 |
|  Deutsche Bank Securities Inc. | Annuity;#Life;#Group Pension | 13-2730828 |
|  DFP Equities, Inc. | Annuity; Life; Group Pension | 35-1403362 |
|  Diversified Resources, LLC | Annuity; Life; Group Pension | 05-0515637 |
|  Diversified Securities, Incorporated | Annuity; Life; Group Pension | 95-2409158 |
|  Dominion Investor Services, Inc. | Annuity;#Life;#Group Pension | 75-2201702 |
|  Colliers Securities, LLC | 529;#Group Pension;#Life;#Annuity | 41-1883794 |
|  Southstate Duncan-Williams Inc | Annuity; 529; Life; Group Pension | 62-0804968 |
|  Edward Jones | Annuity; 529; Life; Group Pension; JHVLICO | 43-0345811 |
|  Elish & Elish Inc. | Annuity | 25-1604700 |
|  FinTrust Brokerage Services, LLC | Annuity; Life; Group Pension | 56-1989135 |
|  Emerson Equity LLC | Annuity; 529; Life; Group Pension; JHVLICO | 74-3109983 |
|  Equity Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 03-0221141 |
|  Essex Securities LLC | Annuity; 529; Life; Group Pension | 04-3482688 |
|  Executive Services Securities, LLC | Annuity; Life; Group Pension; JHVLICO | 58-2466081 |
|  Fairport Capital, Inc. | Annuity; 529; Life; Group Pension | 06-1103413 |
|  Family Investors Company | Annuity; Life; Group Pension | 22-1715407 |
|  Farmers Financial Solutions, LLC | 529;#Annuity; Life; Group Pension | 77-0530616 |
|  FAS Corp. | Annuity; Life; Group Pension; BOLI | 74-2837348 |
|  Federated Securities, Inc. | 529 |  |
|  Feltl & Company | 529;#Group Pension;#Life;#Annuity (servicing only) | 41-1245161 |
|  Fifth Third Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 31-0961761 |
|  Finance 500, Inc. | Annuity;#Life;#Group Pension;#JHVLICO | 95-3771060 |
|  Cetera Advisor Networks, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 95-3845382 |
|  Financial Security Management, Incorporated | Annuity; 529; Life; Group Pension | 54-1832360 |
|  Financial Telesis Inc | Annuity; 529; Life; Group Pension; BOLI | 68-0279977 |
|  First Asset Financial Inc. | 529;#Group Pension;#Annuity (servicing only) | 86-1141733 |
|  First Bankers' Banc Securities, Inc | Annuity; 529; Life; Group Pension | 43-1326319 |
|  First Citizens Investor Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 56-1854695 |
|  First Command Financial Planning, Inc. | 529 |  |
|  First Dallas Securities Incorporated | Annuity; Life; Group Pension; JHVLICO | 75-2278917 |
|  First Financial Securities Of America, Inc. | Annuity; Life; Group Pension; JHVLICO | 74-2132317 |
|  First Heartland Capital, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 43-1635588 |
|  First Kentucky Securities Corporation | Annuity; Life | 61-0924505 |
|  First Horizon Advisors, Inc. | Group Pension;#Life;#Annuity (servicing only) | 62-1254528 |
|  First Western Securities, Inc. | Annuity; 529; Life | 75-2176921 |
|  FMN Capital Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 33-0649400 |
|  FMSbonds, Inc. | Annuity; Life; Group Pension; JHVLICO | 59-1842344 |
|  FNBB Capital Markets, LLC | Annuity; Life; Group Pension | 20-0532898 |
|  Folger Nolan Fleming Douglas Incorporated | 529;#Annuity; Life; Group Pension | 53-0068130 |
|  Fortune Financial Services, Inc. | 529;#Annuity; Life; Group Pension; JHVLICO | 25-1799740 |
|  Fortune Securities, Inc. | Annuity; Life; Group Pension | 95-4553711 |
|  Founders Financial Securities, LLC | Annuity; 529; Life; Group Pension | 20-2052994 |
|  Frost Brokerage Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 74-2404030 |
| G. A. Repple & Company | Annuity; 529; Life; Group Pension; JHVLICO | 59-2599605 |
|  Garden State Securities, Inc. | Annuity; 529; Life; Group Pension | 22-2319866 |
|  Oakwood Capital Securities, Inc. | Annuity; 529; Life; Group Pension | 41-1589846 |
|  ELE WEALTH SOLUTIONS, INC. | Annuity; Life; Group Pension; JHVLICO | 06-1390542 |
|  Geneos Wealth Management, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 02-0580939 |
|  General Securities Corp | 529;#Annuity; Life; Group Pension | 43-1513490 |
|  Cetera Financial Specialists LLC | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 36-3120284 |
|  Glen Eagle Wealth, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 02-0629945 |
|  Global Brokerage Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 52-1899822 |
|  Globalink Securities, Inc. | Annuity; 529; Life; Group Pension | 33-0493552 |
|  GLP Investment Services, LLC | Annuity; Group Pension | 38-3544062 |

---

INTERNAL

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---

| | | |
|:---|:---|:---|
|  Gold Coast Securities, Inc. | Annuity; 529; Life; Group Pension | 77-0563040 |
|  Gradient Securities, LLC | 529;#Group Pension;#Life;#Annuity | 26-4463739 |
|  Grant Williams L.P. | Group Pension;#Life;#Annuity (servicing only) | 23-2990197 |
|  GRB Financial, LLC | Annuity; Life; Group Pension | 90-0115377 |
|  Great American Investors, Inc. | Annuity; 529; Life; Group Pension | 48-1099886 |
|  Greenberg Financial Group | Annuity; Life; Group Pension | 86-0903680 |
|  Greenbrier Diversified, Inc. | Annuity; 529 | 95-4049440 |
|  Gregory J. Schwartz & Co., Inc. | 529;#Group Pension;#Life;#Annuity | 38-2117812 |
|  GWN Securities Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 65-0939556 |
|  Grove Point Financial, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 52-1321340 |
| H. C. Denison Co. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 39-0794607 |
|  Avantax Investment Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 75-1869963 |
|  Hancock Investment Services, Inc. | Annuity; Life; Group Pension | 64-0867168 |
|  Hanson McClain Retirement Network, LP dba AW Securities | 529;#Annuity; Life; Group Pension | 68-0415440 |
|  Level Four Financial, LLC | Annuity; Life; Group Pension | 20-0629176 |
|  Harbour Investments, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 39-1571149 |
|  Harger and Company, Inc. | Annuity; Life; Group Pension | 72-0903128 |
|  Harold Dance Investments | Annuity; Life; Group Pension | 87-0265332 |
|  Harvest Financial Corporation | Annuity; Life; Group Pension; JHVLICO | 25-1395109 |
|  Hazard & Siegel, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 16-0954584 |
|  Hazlett, Burt & Watson, Inc. | Annuity;#Life;#Group Pension;#529;#Annuity; Life; Group Pension | 55-0538822 |
|  Heim, Young & Associates, Incorporated | Annuity; 529; Life; Group Pension | 43-1717820 |
|  Henley & Company LLC | Annuity; 529; Life; Group Pension | 02-0723515 |
|  Herbert J. Sims & Co. Inc. | Group Pension;#Life;#Annuity (servicing only);#Annuity;#529 | 13-5213180 |
|  Heritage Financial Systems, Inc. | Annuity; Life; Group Pension; JHVLICO | 23-2991359 |
|  Herndon Plant Oakley, Ltd. | Annuity; 529; Group Pension; JHVLICO | 74-2863988 |
|  Alight Financial Solutions, LLC | 529 |  |
|  HighTower Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-4454225 |
|  Horan Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 31-1448612 |
|  Hornor, Townsend & Kent, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 23-1706189 |
|  Insight Securities, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-2708269 |
|  Halliday Financial, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 46-2850591 |
|  HSBC Securities (USA) Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 13-2650272 |
|  Hudson Heritage Capital Management, Inc. | 529;#Annuity; Life; Group Pension | 13-3970289 |
|  Hunter Associates, Inc. | Annuity; Life; Group Pension | 47-5665331 |
|  Huntleigh Securities Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 43-1106957 |
|  IBN Financial Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 16-1493299 |
|  Independence Capital Co. Inc. | 529;#Group Pension;#JHVLICO;#Life;#BOLI;#Annuity | 34-1620295 |
|  Independent Financial Group, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 71-0927304 |
|  Osaic Institutions, Inc. | Annuity; 529; Life; Group Pension | 06-1367288 |
|  Infinity Securities, Inc. dba Infinity Financial Services | 529;#Group Pension;#Life;#Annuity | 68-0642587 |
|  Voya Financial Partners, LLC | Group Pension;#Life;#Annuity (servicing only) | 06-1375177 |
|  Voya Financial Advisors, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 41-0945505 |
|  Inlet Securities, LLC | Annuity; Life; Group Pension | 27-0125668 |
|  Institutional Securities Corporation | Annuity; 529; Life; Group Pension | 75-2181339 |
|  Integrated Financial Planning Services | 529;#Group Pension;#Life;#Annuity (servicing only) | 98-0385606 |
|  Integrity Brokerage Services, Inc. | Group Pension;#Annuity (servicing only);#Life | 85-1517086 |
|  Intercarolina Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 56-1563464 |
|  International Assets Advisory, LLC | Group Pension;#Life;#Annuity; 529 | 59-3734291 |
|  International Money Management Group, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 52-1259351 |
|  Inverness Securities, LLC | 529;#Group Pension;#Life;#Annuity | 01-0791017 |
|  Investment Network, Inc. | Annuity | 84-1624658 |
|  Investment Planners, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 37-1202099 |
|  Investment Security Corporation | 529;#Annuity; Life; Group Pension | 95-4727975 |
|  J K R & Company, Inc. | Annuity; 529; Life; Group Pension | 95-3420368 |
| J. Alden Associates, Inc. | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 23-2825319 |
| J. K. Financial Services, Inc. | Annuity; 529; Life; Group Pension | 33-0890059 |
|  J.W. Cole Financial, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 16-1632597 |
|  Jack V. Butterfield Investment Company | Annuity; 529; Group Pension | 38-1787847 |
|  Jacques Financial, LLC | Annuity; Life; Group Pension | 52-2217889 |

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INTERNAL

------

---

| | | |
|:---|:---|:---|
|  James I. Black & Company | Annuity; Life; Group Pension | 59-1056275 |
|  James T. Borello & Co. | Annuity; Life; Group Pension | 36-3688864 |
|  Janney Montgomery Scott LLC | Annuity; 529; Life; Group Pension; JHVLICO | 23-0731260 |
|  JBS Liberty Securities, Inc. | Annuity; Life; Group Pension | 56-1863246 |
|  JDL Securities Corporation | Group Pension | 33-0446425 |
|  John Hancock Distributors LLC | 529; JHVLICO | 16-1611843 |
|  Capacuity Securities, Inc. | Annuity; Life; Group Pension | 23-2305124 |
|  Joseph Gunnar & Co. LLC | 529 |  |
| K. W. Chambers & Co. | Annuity; Life; Group Pension | 43-0785292 |
|  LF Financial, LLC (DBA Shearson Financial Services) | 529 |  |
|  KCD Financial, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 33-1057766 |
|  Key Investment Services LLC | Annuity; 529; Life; Group Pension | 13-4300906 |
|  Keystone Capital Corporation | Group Pension;#Life;#Annuity (servicing only) | 95-3744872 |
|  Kovack Securities Inc. | Annuity; 529; Life; Group Pension | 65-0747270 |
|  KW Securities Corporation | Annuity; 529; Life; Group Pension | 94-2744022 |
|  L.M. Kohn & Company | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 31-1311805 |
|  L.O. Thomas & Co. Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-3749272 |
|  Lamon & Stern, Inc. | Group Pension;#JHVLICO | 58-1334773 |
|  Landaas & Company | Annuity; 529; Life; Group Pension | 39-1628643 |
|  Landolt Securities, Inc. | Annuity; 529; Group Pension | 39-1662708 |
|  Allied Millennial Partners, LLC | 529;#Life;#Group Pension;#Annuity (servicing only) | 35-1632778 |
|  Lantern Investments, Inc. | 529 |  |
|  XML Securities, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 26-1142393 |
|  Larimer Capital Corporation | Annuity; Life; Group Pension; JHVLICO | 84-1028373 |
|  CliftonLarsonAllen Wealth Advisors, LLC | Annuity; Life; Group Pension | 41-1803291 |
|  LaSalle St Securities, L.L.C. | Annuity; 529; Life; Group Pension; JHVLICO | 36-2797246 |
|  Leerink Swann LLC | Annuity; Life; Group Pension | 42-1738148 |
|  Leigh Baldwin & Co., LLC | Annuity; 529; Life; Group Pension; JHVLICO | 22-3348632 |
|  Lesko Securities Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 16-1152736 |
|  Valley Financial Management, Inc. | Annuity; 529; Life; Group Pension | 13-4132289 |
|  DAI Securities, LLC | 529;#Annuity; Life; Group Pension; JHVLICO | 72-1269491 |
|  Liberty Capital Investment Corporation | 529;#Annuity; Life; Group Pension | 93-1014148 |
|  Liberty Partners Financial Services, LLC | 529;#Group Pension;#Life;#Annuity (servicing only);#Annuity; 529; Group Pension | 90-0139675 |
|  Lieblong & Associates, Inc. | Annuity; 529; Life; Group Pension | 71-0788483 |
|  Lifemark Securities Corp. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 16-1238365 |
|  Lincoln Investment Planning, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 23-1702591 |
|  Lockton Financial Advisors, LLC | Group Pension;#Life;#Annuity (servicing only) | 20-3247391 |
|  Lombard Securities Incorporated | Annuity; 529; Life; Group Pension | 52-1718358 |
|  LPL Financial Corporation | 529;#Group Pension;#Life;#Annuity (servicing only) | 95-2834236 |
|  M Holdings Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 91-1802259 |
|  M Holdings Securities, Inc. (Barefoot) | TOHI |  |
|  M Holdings Securities, Inc. (Gateway) | TOHI |  |
|  M Holdings Securities, Inc. (Holleman) | TOHI |  |
|  M Holdings Securities, Inc. (Mezrah) | TOHI |  |
|  M Holdings Securities, Inc. (MullinTBG) | TOHI |  |
|  M&T Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 16-1263079 |
|  Mack Investment Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 36-3423948 |
|  Madison Avenue Securities, Inc. | Annuity; 529; Life; Group Pension | 71-0987804 |
|  MAFG RIA Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 22-3203853 |
|  Maplewood Investment, Inc. | Annuity; 529; Life; Group Pension | 75-2908461 |
|  Mason Securities, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 54-1211119 |
|  May Capital Group, L.L.C. | Annuity; Life; Group Pension; JHVLICO | 22-3324819 |
|  McClurg Capital Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 94-2969239 |
|  Keybanc Capital Markets Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 34-1391952 |
|  McNally Financial Services Corporation | Annuity; 529; Group Pension; JHVLICO | 43-1957591 |
|  Mercer Allied Company, L.P. | Annuity; Life; Group Pension; JHVLICO | 14-1775694 |
|  Merrill Lynch, Pierce, Fenner & Smith Incorporated | 529;#Group Pension;#Life;#Annuity | 13-2808480 |
|  Mesirow Financial, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 36-3194849 |
|  Michigan Securities, Inc. | Annuity;#Life;#Group Pension;#JHVLICO | 38-3488273 |
|  Mid Atlantic Capital Corporation | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 25-1409618 |

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INTERNAL

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| | | |
|:---|:---|:---|
|  Midwestern Securities Trading Company, LLC | Annuity; 529; Life; Group Pension | 37-1392167 |
|  Milestone Investments, Inc. | Annuity; Life; Group Pension | 56-2125552 |
|  Mitre Group, LLC | Annuity; Life; Group Pension | 20-1998511 |
|  MMC Securities Corp. | Annuity; Life; Group Pension; JHVLICO; TOHI | 06-1685865 |
|  MML Investors Services, LLC | 529;#Group Pension;#JHVLICO;#Life;#BOLI | 04-1590850 |
|  Moloney Securities Co., Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 43-1714327 |
|  Money Concepts Capital Corp | 529;#Group Pension;#Life;#Annuity (servicing only) | 59-2268067 |
|  Moors & Cabot, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 04-2644548 |
|  Morgan Stanley & Co., Incorporated | Annuity; 529; Life; Group Pension; BOLI | 13-2655998 |
|  Morris Group, Inc. | Annuity; 529; Life; Group Pension | 35-1546402 |
|  Brooklight Place Securities, Inc. | Annuity; 529; Life; Group Pension | 36-3317130 |
|  Cetera Advisors, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 84-0858799 |
|  Multiple Financial Services, Inc. | Group Pension;#Life;#Annuity | 33-0860466 |
|  Mutual Funds Associates Inc. | 529; JHVLICO |  |
|  Mutual of Omaha Investor Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 47-0770844 |
|  Mutual Securities, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 95-3703162 |
|  Mutual Trust Co. of America Securities | Annuity;#Life;#Group Pension | 59-2044132 |
|  MWA Financial Services Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 36-4420471 |
|  Nations Financial Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 39-1909295 |
|  Nationwide Planning Associates Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-3196827 |
|  Nationwide Securities, LLC | Annuity; 529; Life; Group Pension | 36-2434406 |
|  Navy Federal Investment Services, LLC | Annuity; 529; Life; Group Pension | 04-3826446 |
|  NBC Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 63-0923499 |
|  Nelson Ivest Brokerage Services, Inc. | Annuity; Group Pension | 59-2106660 |
|  Nelson Securities,Inc. | Annuity; 529; Life; Group Pension | 91-1219910 |
|  Network 1 Financial Securities Inc. | Annuity | 74-2454126 |
|  Newbridge Securities Corporation | Annuity; 529; Life; Group Pension | 54-1879031 |
|  Next Financial Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 54-1900002 |
|  Kestra Investment Services, LLC | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 74-2794194 |
|  NGC Financial, LLC | Annuity; Life; Group Pension | 22-3871092 |
|  Ni Advisors, Inc. | 529;#Annuity; Life; Group Pension | 20-2100558 |
|  MMA Securities LLC | Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 22-3570392 |
|  Nicol Investors Corporation | Annuity; Group Pension | 68-0515054 |
|  Northern Lights Distributors, LLC | Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 77-0625792 |
|  Northern Trust Securities, Inc. | 529 |  |
|  Northland Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 41-1819873 |
|  Northwestern Mutual Investment Services, LLC | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 52-2114207 |
|  Dominari Securities, LLC | Annuity; 529; Life; Group Pension | 06-1186517 |
|  NYLife Securities LLC | 529;#Annuity; Life; Group Pension; JHVLICO; BOLI | 27-0145686 |
|  Oak Tree Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 68-0095374 |
|  Oberweis Securities, Inc. | 529; JHVLICO | 36-4106772 |
|  OFG Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 48-0759751 |
|  Omni Financial Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 31-1330353 |
|  OneAmerica Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 35-1159900 |
|  Oppenheimer & Co. Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 13-5657518 |
|  P.J. Robb Variable Corporation | Annuity; Life; Group Pension; JHVLICO | 62-1592808 |
|  Pacific Financial Associates, Inc. | Group Pension;#Life;#Annuity (servicing only) | 33-0063888 |
|  Packerland Brokerage Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 39-1794957 |
|  Painter, Smith and Gorian Inc. | Annuity; Life; Group Pension | 95-3679604 |
|  Pariter Securities, LLC | Annuity; Life; Group Pension | 66-0712540 |
|  Park Avenue Securities LLC | Annuity; 529; Life; Group Pension; JHVLICO | 13-4023176 |
|  Parsonex Securities, Inc. | Annuity; 529; Life; Group Pension | 20-8580639 |
|  Paulson Investment Company, Inc. | Annuity; 529; Life; Group Pension | 93-0789804 |
|  Peachtree Capital Corporation | 529;#Group Pension;#Life;#Annuity (servicing only) | 58-1857011 |
|  Pentegra Distributors, Inc. | Annuity; Life; Group Pension | 13-3529467 |
|  Perryman Securities, Inc. | Annuity; Life; Group Pension | 75-2945060 |
|  Phoenix Equity Planning Corporation | Annuity; Life; Group Pension; JHVLICO | 23-2795977 |
|  Pinnacle Equity Management, Inc. | Annuity; Life; Group Pension | 43-1600887 |
|  Pinnacle Investments LLC | 529 |  |
|  PlanMember Securities Corporation | Annuity; 529; Life; Group Pension | 95-3706234 |

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INTERNAL

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| | | |
|:---|:---|:---|
|  Planned Financial Programs, Inc. | 529 |  |
|  PNC Investments, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 42-1604685 |
|  Portfolio Resources Group, Inc. | Annuity; 529; Life; Group Pension | 65-0370652 |
|  Preferred Client Group, Inc. | Annuity | 75-2826360 |
|  Cetera Investment Services LLC | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 41-1483314 |
|  Principled Advisors, Inc. | Group Pension;#Life;#Annuity (servicing only) | 59-3782727 |
|  Principal Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 42-0941553 |
|  Private Client Services, LLC | 529;#Group Pension;#Life;#Annuity | 61-1383537 |
|  Profinancial, Inc. | Annuity; Life; Group Pension | 72-1004707 |
|  Prospera Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 75-1832551 |
|  PTS Brokerage, LLC | Group Pension;#Annuity; 529 | 22-3832388 |
|  Puplava Securities, Inc. | Annuity; Life; Group Pension | 33-0086182 |
|  Purshe Kaplan Sterling Investments, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 14-1796925 |
| R. Seelaus & Co., Inc. | Annuity; 529; Life; Group Pension | 22-2501042 |
|  R.M. Stark & Co., Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 13-3485532 |
|  Raymond James & Associates, Inc. | 529;#Group Pension;#Life;#Annuity | 59-1237041 |
|  Raymond James Financial Services, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 59-1531281 |
|  RBC Capital Markets, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 41-1416330 |
|  Red Capital Markets, LLC | Annuity; Life; Group Pension | 31-1078499 |
|  Regal Securities, Inc. | Annuity; 529; Life; Group Pension | 36-2916812 |
|  Register Financial Associates, Inc. | Group Pension;#Life;#Annuity | 58-2001619 |
|  Rhodes Securities, Inc. | Annuity; Life; Group Pension; JHVLICO | 75-2156987 |
|  Riedl First Securities Company of Kansas | Annuity; 529; Life; Group Pension | 48-1118573 |
|  RNR Securities, L.L.C. | Group Pension;#Annuity (servicing only);#Annuity; 529 | 11-3374561 |
|  Robert W. Baird & Co. Incorporated | Annuity; 529; Life; Group Pension; JHVLICO | 39-6037917 |
|  Rogan & Associates, Inc. | Annuity; 529; Life; Group Pension | 65-0718838 |
|  Romano Brothers and Company | 529;#Life;#Annuity (servicing only);#Group Pension | 36-2659240 |
|  Rothschild Investment Corporation | Annuity; Life; Group Pension | 36-2708660 |
|  Osaic Wealth, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity (servicing only) | 93-0987232 |
|  S.G. Long & Company | Annuity;#Life;#Group Pension;#529 | 81-0504511 |
|  S.L. Reed & Company | Annuity; Life; Group Pension | 95-4569995 |
|  Sage, Rutty & Co., Inc. | Annuity; 529; Life; Group Pension | 16-0620690 |
|  SagePoint Financial, Inc. | Annuity;#Life;#Group Pension;#JHVLICO;#BOLI | 20-1741754 |
|  Parkland Securities, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 74-3010408 |
|  Samuel A Ramirez & Co., Inc. | 529 |  |
|  Sanders Morris, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 76-0224835 |
|  Saxony Securities, Inc. | 529;#Group Pension;#Life;#Annuity | 43-1932300 |
|  SCF Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 86-0936511 |
|  Scott T. Taylor, Ltd. | Annuity; Life; Group Pension | 20-1277948 |
|  Scottsdale Capital Advisors Corp | Annuity; 529 | 86-1032510 |
|  Securevest Financial Group | 529 |  |
|  Securian Financial Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 14-1486060 |
|  Celadon Financial Group LLC | Annuity; Life; Group Pension | 59-2657843 |
|  Securities America, Inc. | BOLI | 11-2551174 |
|  Securities Equity Group | 529;#Annuity; Life; Group Pension; JHVLICO | 33-0842620 |
|  SEI Investments Distribution Co. | Annuity; Life; Group Pension | 23-2177800 |
|  Selkirk Investments, Inc. | Annuity; 529; Life; Group Pension | 91-1189461 |
|  Sentinel Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 04-3527574 |
|  Shareholders Service Group, Inc. | Annuity; Life; Group Pension | 71-0707839 |
|  Sigma Financial Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 38-2472555 |
|  Signal Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 75-1994786 |
|  Signature Securities Group Corporation | Annuity; 529; Life; Group Pension; JHVLICO | 13-4120476 |
|  Silver Oak Securities, Incorporated | Annuity;#529;#Life;#Group Pension;#JHNY | 62-1765234 |
|  Sisung Securities Corporation | 529;#Group Pension;#Life;#Annuity (servicing only) | 72-1156248 |
|  SKA Securities, Inc. | Annuity | 34-1953704 |
|  Smith, Brown & Groover, Inc. | Annuity; 529; Life; Group Pension | 58-0969636 |
|  Smith, Moore & Co. | Annuity; 529; Life; Group Pension | 43-1244128 |
|  SNC Capital Management Corp. | Annuity | 36-3343717 |
|  Southeast Investments N.C. Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 56-2001267 |
|  Southern Trust Securities, Inc. | Annuity; 529; Group Pension | 65-0926091 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Momentum Independent Network Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 75-1382137 |
|  Spire Securities, LLC | Annuity; 529; Life; Group Pension | 20-8920866 |
|  St. Bernard Financial Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 71-0752696 |
|  Stanley Laman Group Securities, LLC | Annuity; Life; Group Pension; JHVLICO | 33-1027312 |
|  Stephens Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 71-0641478 |
|  Sterling Monroe Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 75-3049285 |
|  Stern Brothers & Co. | Annuity; 529 | 43-1357568 |
|  StoneX Securities Inc | Life;#Annuity (servicing only);#Group Pension | 75-2975513 |
|  Stifel, Nicolaus & Company, Incorporated | Annuity; 529; Life; Group Pension; JHVLICO | 43-0538770 |
|  Sunbelt Securities, Inc. | 529;#Annuity; Life; Group Pension | 47-9660137 |
|  Sunset Financial Services, Inc. | Group Pension;#Life;#Annuity (servicing only);#BOLI | 91-0837062 |
|  Sunstreet Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 56-2614773 |
|  SunTrust Robinson Humphrey, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 62-0871146 |
|  Truist Investment Services, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 58-1648698 |
|  Superior Financial Services, Inc. | Annuity; 529; Life; Group Pension | 39-1992135 |
|  SWBC Investment Services, LLC | Annuity; 529; Life; Group Pension | 20-1484586 |
|  Momentum Independent Network, Inc. |  | 75-1843605 |
|  Sycamore Financial Group | Annuity; Life; Group Pension | 35-1572068 |
|  Symphonic Securities LLC | Group Pension;#Life;#Annuity | 42-1675559 |
|  Syndicated Capital, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 95-4042447 |
|  Synovus Securities, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 58-1625031 |
|  T.S. Phillips Investments, Inc. | Annuity;#Life;#Group Pension;#JHVLICO | 30-0089632 |
|  Tandem Securities, Inc. | Annuity | 20-4498572 |
|  Taylor Securities, Inc. | Annuity; Life; Group Pension | 62-1254593 |
|  TD Ameritrade, Inc. | Annuity; Life; Group Pension; JHVLICO | 06-0988655 |
|  Teckmeyer Financial Services, L.L.C. | Annuity; 529; Life; Group Pension | 47-0789382 |
|  World Investments, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 22-2825878 |
|  The Enterprise Securities Company | Annuity; Life; Group Pension; JHVLICO | 38-2932225 |
|  GMS Group | Annuity; 529 | 77-0606720 |
|  The Huntington Investment Company | Annuity; 529; Life; Group Pension; JHVLICO | 31-1316299 |
|  The Leaders Group, Inc. | Annuity; 529; Life; Group Pension; JHVLICO; BOLI; TOHI | 84-1275292 |
|  The New PenFacs Inc. | Annuity; Life; Group Pension | 41-2238941 |
|  The O.N. Equity Sales Company | Annuity; 529; Life; Group Pension; JHVLICO; BOLI | 31-0742113 |
|  The Oak Ridge Financial Services Group, Inc. | Annuity; Life; Group Pension; JHVLICO | 41-1868775 |
|  The Strategic Financial Alliance, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 03-0510324 |
|  The Tavenner Company | Annuity; 529; Life; Group Pension | 31-1171911 |
|  McDonald Partners, LLC | 529;#Annuity; Life; Group Pension | 20-2714559 |
|  Thompson Davis & Co., Inc. | Annuity; 529 | 13-3848035 |
|  Thoroughbred Financial Services, LLC | Annuity; 529; Life; Group Pension; JHVLICO | 62-1784717 |
|  Thrasher & Chambers, Inc. | Life;#Annuity | 71-0824595 |
|  Thrivent Investment Management Inc. | Life; Group Pension; JHVLICO | 39-1559375 |
|  Thurston, Springer, Miller, Herd & Titak, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 35-1493200 |
|  TIAA-CREF & Institutional Services, LLC | Annuity; Life; Group Pension | 55-0856733 |
|  TimeCapital Securities Corporation | 529;#Annuity (servicing only) | 11-2339821 |
|  Trade-PMR Inc. | Annuity | 59-3539169 |
|  Signature Estate Securities, LLC | Annuity; 529; Life; Group Pension | 59-2730348 |
|  Transamerica Financial Advisors, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 59-2476008 |
|  Triad Advisors, Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 65-0173164 |
|  Trinity Wealth Securities, L.L.C. | Annuity; Life; Group Pension | 43-1892336 |
|  Trubee Wealth Advisors Inc. | Annuity; 529; Life; Group Pension | 16-1406627 |
|  Trustmont Financial Group, Inc. | Annuity; 529; Life; Group Pension | 25-1527294 |
|  U.S. Bancorp Investments, Inc. | 529;#Group Pension;#JHVLICO;#Life;#Annuity | 84-1019337 |
|  U.S. Brokerage, Inc. | 529;#Annuity | 34-1809568 |
|  UBS Financial Services Inc. | Annuity; 529; Life; Group Pension; JHVLICO | 13-2638166 |
|  UMB Financial Services, Inc. | Annuity; 529; Life; Group Pension | 43-1381257 |
|  Steward Partners Investment Solutions, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 93-0125240 |
|  Union Capital Company | Annuity; Life; Group Pension | 86-1004803 |
|  UnionBanc Investment Services, LLC | Annuity; 529; Life; Group Pension | 95-3883259 |
|  United Brokerage Services, Inc. | Annuity; Life; Group Pension; JHVLICO | 55-0742331 |
|  United Planners' Financial Services of America A Limited Partner | Annuity; 529; Life; Group Pension; JHVLICO | 86-0588303 |

---

INTERNAL

------

---

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

------

---

| | | |
|:---|:---|:---|
|  Concorde Investment Services, LLC | 529;#Group Pension;#Life;#Annuity | 27-0498480 |
|  Brown, Lisle/Cummings, Inc. | Group Pension | 05-0310503 |
|  CNR Securities, LLC | 529 | 13-4192499 |
|  Alexander Capital, L.P. | 529 | 26-1698180 |
|  Harbor Investment Advisory, LLC | 529;#Group Pension;#Life;#Annuity | 90-0497525 |
|  Creativeone Securities, LLC | 529;#Group Pension;#Life;#Annuity | 27-1408998 |
|  USCA Securities LLC | 529;#Group Pension;#Life;#Annuity | 22-3696585 |
|  Plexus Financial Services, LLC | Group Pension;#Life;#Annuity | 27-1746834 |
|  Sovereign Legacy Securities, Inc. | Annuity | 11-1738990 |
|  McLaughlin Ryder Investments, Inc. | Group Pension;#Life;#Annuity | 26-0427041 |
|  Cambria Capital, LLC | Group Pension;#Life;#Annuity | 02-0727653 |
|  DFPG Investments, Inc. | 529;#Group Pension;#Life;#Annuity | 27-3648334 |
|  McDermott Investment Services, LLC | Life;#Annuity | 27-3120227 |
|  Hub International Investment Services, Inc. | Group Pension;#Life | 26-3188716 |
|  St. Germain Securities, Inc. | 529;#Group Pension;#Life;#Annuity | 27-3158654 |
|  DMK Advisor Group, Inc. | 529;#Group Pension;#Life;#Annuity | 84-1345780 |
|  Peak Brokerage Services LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 27-5097314 |
|  MSEC, LLC | 529;#Group Pension;#Life;#Annuity | 27-2587292 |
|  Innovation Partners, LLC | Group Pension;#Life;#BOLI;#529 | 30-0451254 |
|  Dorn & Co., Inc. | Group Pension | 41-0836886 |
|  Uhlmann Price Securities, LLC | 529;#Group Pension;#Life;#Annuity | 36-4135497 |
|  Securities Management & Research, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 59-1145041 |
|  Hantz Financial Services, Inc. | Group Pension;#Life;#Annuity | 38-3439679 |
|  David Lerner Associates | 529 | 11-2374466 |
|  Supreme Alliance LLC | Group Pension;#Life;#Annuity (servicing only) | 90-0436170 |
|  Titleist Capital, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 72-1546466 |
|  Caldwell Securities, Inc. | 529 | 94-2799654 |
|  CoreCap Investments, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 23-2809463 |
|  Cornerstone Financial Services, Inc. | Group Pension;#Life;#Annuity (servicing only) | 35-1720807 |
|  Classic, LLC | Group Pension;#Life;#Annuity (servicing only) | 45-3356898 |
|  Keel Point Capital, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 42-1607342 |
|  M.E. Allison & Co., Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 74-1037681 |
|  Santander Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 66-0534068 |
|  Snowden Account Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 94-3467207 |
|  BrokerageSelect | Group Pension;#Life;#Annuity (servicing only) | 06-1549225 |
|  Cabot Lodge Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 45-3717999 |
|  Plan B Investments, Inc. | Group Pension;#Life;#Annuity (servicing only) | 20-1688448 |
|  William Blair & Company L.L.C. | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-2214610 |
|  Northwest Investment Advisors, Inc. | 529 | 91-2028565 |
|  Reid and Associates, LLC | Group Pension;#Life;#Annuity (servicing only) | 14-1778902 |
|  Niagara International Capital Limited | 529;#Group Pension;#Life;#Annuity (servicing only) | 20-2182342 |
|  Lincoln Douglas Investments, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 27-3459194 |
|  Alvarez & Marsal Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 51-0430281 |
|  M.S. Howells & Co | 529;#Group Pension;#Life;#Annuity (servicing only) | 86-0988422 |
|  Regulus Financial Group, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 26-3975819 |
|  The Jeffrey Matthews Financial Group, LLC | Group Pension;#Life;#Annuity (servicing only) | 22-3470463 |
|  Davis Securities LLC | Group Pension;#Life;#Annuity (servicing only) | 20-3138121 |
|  CommunityAmerica Financial Solutions, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 26-0046643 |
|  TCFG Wealth Management, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 80-0804654 |
|  G.W. Sherwold Associates, Inc. | Group Pension;#Life;#Annuity (servicing only) | 33-0619325 |
|  American Trust Investment Services, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 35-1168112 |
|  Trutoro | 529;#Group Pension;#Life;#Annuity (servicing only) | 46-3578654 |
|  MCG Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 30-0722214 |
|  Pershing Advisor Solutions, LLC | 529 | 83-0437353 |
|  Hennion & Walsh, Inc. | Group Pension;#Life;#Annuity (servicing only) | 22-3005841 |
|  IDB Capital Corp. | 529 | 13-4134872 |
|  Monere Investments, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 36-4401708 |
|  Financial Northeastern Securities, Inc. | 529 | 22-2642175 |
|  YR Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 47-2516544 |
|  Coldstream Securities, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 93-1198599 |

---

INTERNAL

------

---

| | | |
|:---|:---|:---|
|  Investments For You, Inc. | 529 | 31-1331407 |
|  Alexander Capital, LLC | Group Pension;#Life;#Annuity (servicing only) | 13-3866977 |
|  Mora WM Securities, LLC | Annuity (servicing only) | 45-2581955 |
|  R F Lafferty & Co., Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 13-3000887 |
|  Paradigm Equities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 38-3091434 |
|  RetireOne Investment Services, LLC | Group Pension;#Life;#Annuity (servicing only) | 47-3919321 |
|  Oriental Financial Services Corp. (NEW) | Group Pension;#Life;#Annuity (servicing only) | 66-0480123 |
|  Empire Asset Management Company | Group Pension;#Life;#Annuity (servicing only) | 20-5835358 |
|  Westpark Capital, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 84-1333428 |
|  Bankers Life Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 47-1481527 |
|  Allen C. Ewing & Co. (NEW) | Group Pension;#Life;#Annuity (servicing only) | 59-3000850 |
|  Stoever Glass & Company, Inc. | Group Pension;#Life;#Annuity (servicing only) | 13-2505863 |
|  Corinthian Partners, LLC (NEW) | 529 | 13-3947286 |
|  Halo Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 47-3243901 |
|  Stonecrest Capital Markets, Inc. | Group Pension;#Life;#Annuity (servicing only) | 56-1943573 |
|  Pensionmark Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 81-2334025 |
|  Four Points Capital Partners, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 76-0543859 |
|  American Global Wealth Management | 529;#Group Pension;#Life;#Annuity (servicing only) | 39-1259164 |
|  Tocqueville Securities LP | 529 | 13-3549887 |
|  Aurora Securities, Inc. | 529;#Group Pension;#Life;#Annuity (servicing only) | 92-0162178 |
|  Arvest Investments, Inc. | 529 | 71-0794602 |
|  Arkadios Capital LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 81-1052458 |
|  Rehmann Financial Network, LLC | Group Pension;#Life;#Annuity (servicing only) | 46-0571202 |
|  Kingswood Capital Partners, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 81-4245023 |
|  Southern Wealth Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 82-3136934 |
|  First Palladium, LLC | Group Pension;#Life;#Annuity (servicing only) | 82-2239026 |
|  Private Placement Insurance Products, LLC | Group Pension;#Life;#Annuity (servicing only) | 20-3716885 |
|  M.H. LeBlang, Inc. | Group Pension;#Life;#Annuity (servicing only) | 13-2553361 |
|  Alliance Global Partners | Group Pension;#Life;#Annuity (servicing only) | 59-2015540 |
|  Invicta Capital, LLC | Group Pension;#Life;#Annuity (servicing only) | 47-1180771 |
|  PHX Financial, Inc. | Group Pension;#Life;#Annuity (servicing only) | 41-2225155 |
|  IFP Securities, LLC | 529;#Group Pension;#Life;#Annuity (servicing only) | 83-0951655 |
|  Johnstone Brokerage Services, LLC | 529 | 83-3753682 |
|  Rockefeller Financial, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 82-3226180 |
|  Great Point Capital, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 36-4398213 |
|  Horace Mann Investors, Inc. | 529 | 37-0792966 |
|  E1 Asset Management, Inc. | Group Pension;#Life;#Annuity (servicing only) | 52-2107704 |
|  Oberlin Financial International, LLC | Group Pension;#Life;#Annuity (servicing only) | 82-3775196 |
|  W&S Brokerage Services, Inc. | Group Pension;#Life;#Annuity (servicing only) | 31-0846576 |
|  San Blas Securities, LLC | Group Pension;#Life;#Annuity (servicing only);#TOHI;#529 | 82-2542915 |
|  Transitional Broker, LLC | Group Pension;#Life;#Annuity (servicing only) | 83-4699697 |
|  Axiom Capital Management, Inc. | 529 | 13-3571312 |
|  A.E. Financial Services, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 83-1566185 |
|  Securities Research, Inc. (NEW) | Group Pension;#Annuity (servicing only) | 59-1862659 |
|  Insigneo Securities, LLC | Group Pension;#Life;#Annuity (servicing only) | 65-0886354 |
|  Barnabas Capital, LLC | Life;#Group Pension;#Annuity (servicing only) | 83-1038672 |
|  Harbour Financial Services, LLC | 529 | 20-0629176 |
|  Cabin Securities, Inc. | Annuity (servicing only) | 37-4578756 |
|  Eagles Coast Capital, LLC | 529;#Life;#Annuity (servicing only) | 82-5449412 |
|  Financial Sense Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 33-0674797 |
|  Axio Financial | Group Pension;#Life;#Annuity (servicing only) | 52-2338891 |
|  Lyndhurst Securities, Inc. | Group Pension;#Life;#Annuity (servicing only) | 87-1163361 |
|  Caldwell Sutter Capital, Inc. | Life;#Annuity (servicing only);#Group Pension | 94-2799654 |
|  Fortress Private Securities, Corp. | Group Pension;#Life;#Annuity (servicing only);#529 | 82-3399190 |
|  PWA Securities, LLC | Group Pension;#Annuity (servicing only);#Life | 86-3839122 |
|  Laidlaw & Company (UK) Ltd | Group Pension;#Annuity (servicing only);#Life | 98-0380030 |
|  Signature Estate Securities, Inc. | Group Pension;#Life;#Annuity (servicing only);#529 | 59-2730348 |
|  Great Plains Financial Services, LLP | Group Pension;#Life;#Annuity (servicing only) | 91-1802066 |
|  E.E. Powell & Company, Inc. | 529 | 25-1781442 |
|  Atomic Brokerage LLC | 529 | 871569599 |
|  AAG Capital, Inc. | Group Pension;#Life;#Annuity (servicing only) | 13-2559891 |
|  Muriel Siebert & Co. LLC | 529 | 13-2639174 |
|  Encompass More Investments, LLC | Life;#Annuity (servicing only) | 87-3538075 |
|  Realta Equities, Inc. | 529 | 56-2456935 |
|  Ashton Thomas Securities | 529 | 93-4742654 |
|  LPL Enterprise, LLC | Life;#Group Pension;#Annuity (servicing only) | 25-1395109 |
|  Van Clemens & Co. Inc. | Group Pension;#Life;#Annuity (servicing only) | 41-1254549 |
|  VectorGlobal WMG | 529 | 13-3699819 |
|  Jefferies Investment Advisers LLC | 529 | 132615557 |
|  Wealth Enhancement Brokerage Services, LLC | 529 | 03-0519206 |
|  Trident Partners LTD | Group Pension;#Life;#Annuity (servicing only) | 11-3321010 |
|  Wealth Enhancement Brokerage Services, LLC | Group Pension;#Life;#Annuity (servicing only);#529 | 03-0519206 |
|  Lebenthal Financial Services Inc | 529 | 203156765 |
|  Optimized Insurance Planning |  |  |

---

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. 29 to the Registration Statement (Form N-6, File No. 333-85284) of JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT A (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 JOHN HANCOCK LIFE INSURANCE CO (USA) SEPARATE ACCOUNT A 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

![](g379853img0bb629771.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 Life Insurance Company (U.S.A.) Separate Account A File Nos. 811-4834 and 333-85284

Commissioners:

This opinion is being furnished with respect to the filing of Post-Effective No. 29 under the Securities Act of 1933 (Post-Effective Amendment No. 241 under the Investment Company Act of 1940) on the Form N-6 Registration Statement of John Hancock Life Insurance Company (U.S.A.) Separate Account A 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

VUL Accumulator – EPVUL - Accumulation Variable Universal Life

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