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SUPPLEMENT DATED MAY 1, 2000
TO
PROSPECTUS DATED MAY 1, 2000
This Supplement is intended to be distributed with prospectuses dated May 1,
2000 for certain variable life insurance policies issued by John Hancock Life
Insurance Company, John Hancock Variable Life Insurance Company or Investors
Partner Life Insurance Company (the "Product Prospectuses"). The policies
involved bear the title "Variable Estate Protection", "Variable Estate
Protection II", "Majestic Variable Estate Protection", "Majestic Variable Estate
Protection 98", "Medallion Variable Life", "Medallion Executive Variable Life",
"Medallion Executive Variable Life II", "Medallion Executive Variable Life III",
"Majestic Variable Universal Life", "Majestic Variable Universal Life 98", "Flex
V1", "Flex V2", "Variable Master Plan Plus" or "Investors Partner Variable
Life."
Notwithstanding any language in the prospectus to the contrary, the following
shall apply with respect to variable life insurance policies delivered or issued
for delivery on or before May 1, 2000:
(1) Your policy enables you to invest in the Global Equity variable
investment option. If you select this variable investment option, we
will invest your money in the corresponding fund of the John Hancock
Variable Series Trust I ("Trust"). We may modify or delete this
investment option in the future.
(2) The fund expense table appearing in the section of each Product
Prospectus entitled "What charges will the Trusts deduct from my
investment in the policy?" is amended to include the following
information on the Global Equity variable investment option:
<TABLE>
<CAPTION>
Investment Other Total Fund Other Operating
Management Operating Operating Expenses Absent
Fund Name Fee Expenses Expenses Reimbursement
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<S> <C> <C> <C> <C>
JOHN HANCOCK VARIABLE SERIES TRUST I (NOTE 1):
Global Equity . . . . . . . . . . . . . . . . . . . . . . 0.90% 0.10% 1.00% 0.50%
</TABLE>
THIS SUPPLEMENT IS ACCOMPANIED WITH A PROSPECTUS SUPPLEMENT DATED MAY 1, 2000
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FOR THE TRUST THAT CONTAINS DETAILED INFORMATION ABOUT THE GLOBAL EQUITY FUND.
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BE SURE TO READ THAT PROSPECTUS SUPPLEMENT BEFORE SELECTING THE GLOBAL EQUITY
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INVESTMENT OPTION.
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