Your guide to investing and allocation options

LIFE-1854 7/21

Your guide to investing and allocation options

Insurance products are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595 and securities offered through John Hancock Distributors LLC through other broker/dealers that have a selling agreement with John Hancock Distributors LLC, 197 Clarendon Street, Boston, MA 02116.

Page 1 of 9. Not valid without all pages. Your guide to investing

We are often told that diversification is the key to achieving long-term financial goals. Therefore, as you look to add strength and diversification to your portfolio to build the future you want, consider John Hancock, a nationally respected financial services provider. We are a leader in life insurance, college savings plans, retirement plans and products and services for estate planning. What’s more, as a customer-focused organization, John Hancock has earned a reputation for innovation and in-depth knowledge — gained through more than 155 years of experience.

INSURANCE PRODUCTS:

Not FDIC Insured Not Bank Guaranteed May Lose Value

Not a Deposit Not Insured by Any Federal Government Agency

When you and your life insurance representative or financial consultant team up with John Hancock, you gain access to a broad, diversified offering of portfolios — including our exclusive Lifestyle Portfolios — from our select roster of talented and knowledgeable asset managers. Using our proprietary manager-selection process, we build and maintain this team based on the following factors:

• Depth and breadth of portfolio-management expertise

• Consistency of performance through different market cycles

• Clarity of the asset manager’s investment style

• Discipline of the investment process

One factor in the analysis is the past performance of the portfolios and asset managers (keeping in mind that past performance does not guarantee future results).


John Hancock Variable Insurance Trust offerings go well beyond traditional equity and fixed-income asset classes. They include international small-cap stocks, Treasury Inflation-Protected Securities (TIPS), real estate securities and — new to John Hancock — exchange-traded funds (ETFs). Traditional or not, all John Hancock Variable Insurance Trust portfolios have been subjected to the same rigorous, disciplined selection process.

IdentifyOngoing review of financial landscape to determine consistently performing portfolios and asset managers. Our process includes screening asset manager databases representing over 7,000 portfolios. We consider factors such as asset class, track record and adherence to a disciplined investment approach. To further narrow our selection, we focus on established firms with sizable assets under management, experienced and talented managers, advanced technology and broad resources.

EvaluateAnalyzing each portfolio and manager using rigorous quantitative and qualitative methodologies. We perform rigorous quantitative analysis on the portfolios’ investment styles, characteristics and performance, as well as risk-adjusted returns against their peer groups and market indexes. But numbers don’t tell the whole story. We also perform extensive qualitative analysis as well, conducting in-depth, face-to-face manager interviews, focusing on key elements such as performance, investment process, depth of resources and organizational stability.

SelectConducting final assessment and making selections. Our team of professionals reviews the findings and makes recommendations on both the managers and portfolios to include in our investment platform.

MonitorOngoing monitoring and review of selected managers and portfolios. We continuously scrutinize each of our managers and their portfolios to help ensure consistent ongoing performance and adherence to their defined style of investing.

Providing broad diversification backed by rigor and discipline


Three principles for developing your long-term savings or estate plan

Achieving your long-term savings goals — such as a financially secure retirement — begins with building a diversified long-term portfolio. Our team of financial professionals can help create a sound investment strategy that is appropriate for you based on the following three fundamental steps:

Diversifying your investments• Allocating your investments among several asset classes and investment styles

may help you achieve a comfortable balance between risk and return in your long-term investment plan.1

• We recently broadened the asset classes available on our investment platform to include ETFs, giving you even more options to help meet your specific goals.

• With our Lifestyle and Managed Volatility Portfolios, John Hancock also offers several proprietary asset-allocation portfolios or “funds of funds,” each containing a different allocation of assets suited to a specific investor profile, from aggressive to conservative.2

• Ask your life insurance representative or financial consultant for details about the full range of investment options we have available.

Getting in and staying in

Many investors wait for the most opportune time to invest. But a key to long-term financial success is not timing the market: it’s time in the market.

Teaming up with John HancockSince market and economic cycles can be unpredictable, it may be prudent for you to rely on the experience of John Hancock’s dedicated professionals.

To help in your discussions with your insurance agent, see the following list of broad, diversified fund opportunities available within your variable life insurance policy.


Aggressive growth

You want maximum growth over the long run and are comfortable with considerable risk in the short term.

JHVIT portfolio name Asset management firm

Emerging Markets Value Dimensional Fund Advisors

Real Estate Securities Wellington Management Company, LLP

International Small Company Dimensional Fund Advisors

Small Cap Opportunities Dimensional Fund Advisors (Dimensional) & GW&K Investment Management, LLC

International Equity Index SSgA Funds Management, Inc.

Small Cap Index Manulife Investment Management (North America) Limited

Science & Technology T. Rowe Price Associates, Inc./Allianz Global Investors U.S. LLC

Financial Industries Manulife Investment Management (US) LLC

Disciplined Value International Boston Partners

American Global Growth Capital Research and Management Company3

Mid Cap Stock Wellington Management Company, LLP

American International Capital Research and Management Company3

Small Cap Stock Wellington Management Company, LLP

Fundamental All Cap Core Manulife Investment Management (US) LLC

Health Sciences T. Rowe Price Associates, Inc.

Growth

Growth of your money is your main concern, but you prefer to limit your risk somewhat.


Small Company Value T. Rowe Price Associates, Inc.

Small Cap Value Wellington Management Company, LLP

Mid Cap Index Manulife Investment Management (North America) Limited

American Growth Capital Research and Management Company3

Mid Value T. Rowe Price Associates, Inc.

Global Equity Manulife Investment Management (US) LLC

Blue Chip Growth T. Rowe Price Associates, Inc.

Fundamental Large Cap Value Manulife Investment Management (US) LLC

Total Stock Market Index Manulife Investment Management (North America) Limited

Capital Appreciation Jennison Associates LLC


Income

You feel a strong need to protect your assets, while pursuing a modest level of growth.


High Yield Western Asset Management Company

Opportunistic Fixed Income Wellington Management Company, LLP

Strategic Income Opportunities Manulife Investment Management (US) LLC

Active Bond Manulife Investment Management (US) LLC

Investment Quality Bond Wellington Management Company, LLP

Core Bond Wells Capital Management, Inc.

Total Bond Market Manulife Investment Management (US) LLC

Select Bond Manulife Investment Management (US) LLC

Short Term Government Income Manulife Investment Management (US) LLC

Ultra Short Term Bond Manulife Investment Management (US) LLC

Conservative

Security is your greatest concern. You couldn’t sleep at night if your portfolio returns fluctuated greatly.


Money Market4 Manulife Investment Management (US) LLC

Growth & income

Both growth and security are important to you and you want to pursue both in equal measure.


Equity Income T. Rowe Price Associates, Inc.

500 Index Manulife Investment Management (North America) Limited

American Growth-Income Capital Research and Management Company3

American Asset Allocation Capital Research and Management Company3

Capital Appreciation Value T. Rowe Price Associates, Inc.

PIMCO VIT All Asset Portfolio Pacific Investment Management Company LLC


ETF portfoliosPortfolio name Asset management firm

TOPS® Aggressive Growth ETF ValMark Advisers, Inc.

TOPS® Growth ETF ValMark Advisers, Inc.

TOPS® Moderate Growth ETF ValMark Advisers, Inc.

TOPS® Balanced ETF ValMark Advisers, Inc.

TOPS® Conservative ETF ValMark Advisers, Inc.

Asset allocation portfolios

Managed Volatility portfolios


Managed Volatility Growth Manulife Investment Management (US) LLC

Managed Volatility Balanced Manulife Investment Management (US) LLC

Managed Volatility Moderate Manulife Investment Management (US) LLC

Managed Volatility Conservative Manulife Investment Management (US) LLC

Lifestyle portfoliosJHVIT portfolio name Asset management firm

Lifestyle Growth Manulife Investment Management (US) LLC

Lifestyle Balanced Manulife Investment Management (US) LLC

Lifestyle Moderate Manulife Investment Management (US) LLC

Lifestyle Conservative Manulife Investment Management (US) LLC


Hybrid/Index/Sector portfoliosHybrid portfolios Index portfolios Sector portfolios

• American Asset Allocation• Capital Appreciation Value• Lifestyle Growth • Lifestyle Balanced• Lifestyle Moderate• Lifestyle Conservative• Managed Volatility Growth • Managed Volatility Balanced • Managed Volatility • Managed Volatility Conservative• PIMCO VIT All Asset Portfolio• TOPS® Aggressive Growth ETF • TOPS® Balanced ETF • TOPS® Conservative ETF • TOPS® Growth ETF • TOPS® Moderate Growth ETF

• 500 Index • International Equity Index • Mid Cap Index • Small Cap Index• Total Bond Market • Total Stock Market Index

• Financial Industries • Health Sciences• Real Estate Securities • Science & Technology

Equity portfoliosValue Blend Growth

Large Company U.S. Stocks (Largest 5% of the top 5,000 U.S. Stocks)

• Equity Income • Fundamental Large Cap Value

• American Growth – Income • American Growth • Blue Chip Growth • Capital Appreciation

Medium Company U.S. Stocks (Next largest 15% of the top 5,000 U.S. Stocks; generally between $2 and $10 Billion)

• Mid Value — • Mid Cap Stock

Small Company U.S. Stocks (Smallest 80% of the top 5,000 U.S. Stocks; generally smaller than $2 Billion)

• Small Cap Value • Small Cap Opportunities • Small Company Value

• Small Cap Stock

Multi-Cap — • Fundamental All Cap Core —

International/Global Stocks

• Emerging Markets Value • International Small Company• Disciplined Value International

• American Global Growth • American International • Global Equity

—

Management style


Indexed allocation options

We also offer an indexed account strategy that gives you growth potential without being invested in the market like you are with the variable investment options.

• Your life insurance policy will earn interest linked to the performance of the S&P 500®.

• Several factors are used to calculate the interest rate to be applied, including:

– The cap rate sets an upper limit on the interest rate applied

– The participation rate determines how much of the index performance can be applied

– The guaranteed 0% floor on annual interest crediting protects the policy from downside market performance

Your indexed allocation options include:

• Base Capped Indexed Account

• Base High Par Capped Indexed Account

• Base Capped Two Year Indexed Account

• High Capped Indexed Account

You have flexibility to distribute your premiums among these four indexed accounts based on your investment strategy and goals. And you can update this allocation over time, as your needs change. It is important to consult your financial professional to review a premium-allocation strategy that meets your specific objectives and for a personal-ized product illustration.

These indexed accounts are only available on select products; please contact your insurance agent for availability.

The ratings for the Fixed Income portfolios, determined by Standard & Poor’s, pertain to the type of securities each JHVIT Trust may purchase and not to the JHVIT Trusts themselves.

Fixed Income portfolios

Short-term duration (less than 3.5 years)

Intermediate-term duration (3.5 years to 6 years)

Long-term duration (greater than 6 years)

High Quality(Rated AA to AAA)

• Money Market • Short Term Government Income• Ultra Short Term Bond

• Active Bond• Select Bond • Core Bond

• Investment Quality Bond

Medium Quality(Rated BBB to A)

— • Strategic Income Opportunities

—

Low Quality(Rated BB or Lower)

— • High Yield —

Global — • Opportunistic Fixed Income —


1. Allocating assets to only one or a small number of the investment options (other than Lifestyle and Managed Volatility Portfolios) should not be considered a balanced investment program. In particular, allocating assets to a small number of options concentrated in particular business or market sectors will subject your contract to increased risk and volatility. Examples of business or market sectors where this risk may be particularly high include: a) technology-related businesses, including internet-related businesses, b) small cap securities and c) foreign securities. We do not provide advice regarding appropriate investment allocations. Contact your financial representative for more details.2. Allocating net premiums to a Lifestyle or Managed Volatility Portfolio is designed to help reduce the market volatility that one may experience through the allocation of premiums to only one or a small number of investment options. There are risks associated with any investment, and it is possible to lose money by investing in the Lifestyle and Managed Volatility Portfolios.3. American Funds Insurance Series is managed by Capital Research and Management Company (CRMC), investment advisor to the American Funds.4. You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.5. Second highest of 13 ratings (superior ability to meet ongoing insurance obligations). Financial strength rating is current as of February 10, 2021, is subject to change, and applies to John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York as a measure of each company’s financial ability to pay claims and to honor any guarantees provided by the contract and any applicable optional riders. These companies have also received additional financial strength ratings from other rating agencies. Financial strength ratings are not an assessment, recommendation, or guarantee of specific products and their investment returns or value, do not apply to individual securities held in any portfolio or the practices of an insurance company, and do not apply to the safety and performance of separate accounts.Standard & Poor’s®, S&P®, S&P 500®, Standard & Poor’s 500 and 500 are trademarks of Standard and Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. and have been licensed for use by John Hancock. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product. The S&P 500® Index is an index of 500 stocks that are generally representative of the performance of leading companies in leading industries within the U.S. You cannot invest directly in the S&P 500® Index.Not all portfolios are available in all products. Please refer to the fund and product prospectuses for fund availability.Refer to the Risk Definitions page in the prospectuses for more information about the investment accounts and the risks associated with investing in them. The TOPS® ETF Portfolios are managed by ValMark Advisers, Inc., and distributed by Northern Lights Distributors, LLC and Milliman Financial Risk Management, LLC serves as the sub advisor. Northern Lights Distributors, LLC is not affiliated with ValMark Advisers, Inc., Milliman Financial Risk Management, LLC or John Hancock. The portfolios described above are not retail mutual funds and are only available under variable annuity contracts, variable life policies or through participation in tax qualified retirement plans. Although the portfolios’ investment adviser or subadvisers may manage retail mutual funds with similar names and investment objectives, no representation is made, and no assurance is given, that any portfolio’s investment results will be comparable to the investment results of any other fund, including other funds with the same investment adviser or subadviser. Past performance is no guarantee of future results.The placement of portfolios within style boxes and according to potential risk/return shows our assessment relative to one another and should not be used for comparison with other investment options available outside of John Hancock. John Hancock determines peer groups and indexes based on the closest match in terms of investment objectives, policies, processes and style. Each portfolio’s peer group, index and style box and risk/return spectrum placement is subject to change.Variable universal life insurance has annual fees and expenses associated with it in addition to life insurance-related charges (which differ with the product chosen), including surrender charges and investment-management fees. Variable universal life insurance products are long-term contracts and are sold by prospectus. They are subject to market risk due to the underlying subaccounts, and are unsuitable as a short-term savings vehicle. The primary purpose of variable universal life insurance is to provide lifetime protection against economic loss due to the death of the insured person. Cash values are not guaranteed if the client is invested in the investment accounts. There are risks associated with each investment option, and the policy may lose value.Insurance products are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY 10595 and securities offered through John Hancock Distributors LLC through other broker/dealers that have a selling agreement with John Hancock Distributors LLC, 197 Clarendon Street, Boston, MA 02116.This brochure is not intended as investment advice. This material is authorized for distribution only when preceded or accompanied by the appropriate client guide, product and fund prospectuses. The prospectuses contain complete details on investment objectives, risks, fees, charges and expenses as well as other information about the investment company. Please read the prospectuses carefully containing this and other information on the product and the underlying portfolios and consider these factors carefully before investing.MLINY070721963-1

Strength. Stability. John Hancock.John Hancock is among the highest-rated companies for financial strength and stability as demonstrated by its A+ rating from A.M. Best.5 Financial strength ratings are a comprehensive measure of a company’s financial strength and stability and are important as they reflect a life insurance company’s ability to pay claims in the future. With over 155 years of experience, John Hancock offers clients a diverse range of insurance products and services through its extensive network of employees, agents, and distribution partners.

For more information please contact your insurance agent.

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Your guide to investing and allocation options