# EDGAR Filing Document

**Accession Number:** 0001043846
**File Stem:** 0001193125-26-169607
**Filing Date:** 2026-4
**Character Count:** 34465
**Document Hash:** 2f6c02a6d03078d598bb4926fb638391
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-169607.hdr.sgml**: 20260422

**ACCESSION NUMBER**: 0001193125-26-169607

**CONFORMED SUBMISSION TYPE**: 497VPU

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260422

**DATE AS OF CHANGE**: 20260422

**EFFECTIVENESS DATE**: 20260422

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK LIFE INSURANCE CO OF NEW YORK SEPARATE ACCOUNT B
- **CENTRAL INDEX KEY:** 0001043846

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

**FILING VALUES:**
- **FORM TYPE:** 497VPU
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-85296
- **FILM NUMBER:** 26882592

**BUSINESS ADDRESS:**
- **STREET 1:** 100 SUMMIT LAKE DRIVE
- **STREET 2:** SECOND FLOOR
- **CITY:** VALHALLA
- **STATE:** NY
- **ZIP:** 10595
- **BUSINESS PHONE:** 914921020

**MAIL ADDRESS:**
- **STREET 1:** 100 SUMMIT LAKE DRIVE
- **STREET 2:** SECOND FLOOR
- **CITY:** VALHALLA
- **STATE:** NY
- **ZIP:** 10595

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANUFACTURERS LIFE INSURANCE CO OF NEW YORK SEP ACCOUNT B
- **DATE OF NAME CHANGE:** 19980417

## Series and Classes Contracts Data

### JOHN HANCOCK LIFE INSURANCE CO OF NEW YORK SEPARATE ACCOUNT B (Series ID: S000009972)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000027556 | VUL Accumulator |  |

**John Hancock Life Insurance Company of New York Separate Account B**

**John Hancock Life Insurance Company of New York** <br>**("John Hancock NY")**

Flexible Premium Variable Life Insurance Policy

VUL ACCUMULATOR

Updating Summary Prospectus dated April 27, 2026, Existing Investors

This Updating Summary Prospectus summarizes key features of the VUL Accumulator policy, an individual flexible premium variable universal life policy (the "Policy").

Before you invest you should also review the prospectus for the Policy (the "Prospectus") carefully, which contains more information about the Policy's features, benefits, and risks. You can find this document and other information about the Policy online at dfinview.com/JohnHancock/PUFT/VULA_NY. You can also obtain this information by calling 1-800-732-5543 or by sending an email request to webmail@jhancock.com.

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

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**Table of Contents** 

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| | |
|:---|:---|
| **[Updated Information About Your Policy](#xx_c854d588-22d0-4c7d-9823-8c1885497692_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3  |
| **[important Information you should consider about the policy](#xx_c854d588-22d0-4c7d-9823-8c1885497692_1)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3  |
| **[Appendix: Portfolios Available Under The Policy](#xx_f4b8aa17-76f0-487d-9524-2399a19cbcab_1)** | &nbsp;&nbsp; Appendix-1 |

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**Updated Information About Your Policy**

The information in this section of the Updating Summary Prospectus is a summary of certain Policy features that have changed since the Prospectus dated April 28, 2025. This may not reflect all of the changes that have occurred since you entered into your Policy.

**Underlying Investment Options** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Fee and performance information have been updated and are reflected in the APPENDIX: PORTFOLIOS AVAILABLE UNDER THE POLICY.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The JHVIT Capital Appreciation Trust was renamed the JHVIT U.S. Growth Trust and changed its subadviser to Wellington Management Company LLP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The JHVIT Small Cap Opportunities Trust changed its subadviser to Dimensional Fund Advisers LP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The JHVIT 500 Index Trust changed its subadviser to Manulife Investment Management (US) LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The JHVIT Mid Cap Index Trust changed its subadviser to Manulife Investment Management (US) LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The JHVIT Small Cap Index Trust changed its subadviser to Manulife Investment Management (US) LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The JHVIT Total Stock Market Index Trust changed its subadviser to Manulife Investment Management (US) LLC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The JHVIT American International Trust was removed as an available Investment Option and was reorganized with the JHVIT Disciplined Value International Trust.

**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<br> variable investment account after you have made more than 12 such transfers <br> in a 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<br> variable investment account after you have made more than 12 such transfers <br> in a 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<br> variable investment account after you have made more than 12 such transfers <br> in a 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 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_NY.<br>| &nbsp;&nbsp; *Investment Risk/Risk of* <br> *Loss*<br>|
| Insurance Company <br> Risks<br>| &nbsp;&nbsp; Your investment in the policy is subject to risks related to John <br> Hancock NY, 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 NY. Information about John <br> Hancock NY, including its financial strength ratings, is available <br> upon request from your John Hancock NY 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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**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_NY. 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> <br>| 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> <br>| &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> <br>| 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> <br>| 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> <br>| 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> <br>| 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> <br>| 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> <br>| &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> <br>| 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> <br>| 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> <br>| 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> <br>| &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> <br>| 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> <br>| 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> <br>| 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> <br>| &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> <br>| 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> <br>| 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> <br>| &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> <br>| 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> <br>| 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> <br>| 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> <br>| 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> <br>| &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> <br>| &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> <br>| &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> <br>| &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> <br>| &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> <br>| &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> <br>| 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> <br>| &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> <br>| &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> <br>| &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> <br>| 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> <br>| &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> <br>| 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> <br>| &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> <br>| &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> <br>| 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> <br>| 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> <br>| &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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The Prospectus relating to the policy and Statement of Additional Information (SAI), both dated April 27, 2026, and any applicable supplements thereto, are incorporated by reference into this summary prospectus. You may obtain the SAI, free of charge, in the same manner as the Prospectus.

1940 Act File No. 811-8329—1933 Act File No. 333-85296

EDGAR Contract Identifier No. C000027556

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