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SUPPLEMENT DATED JUNE 13, 2000
TO
PROSPECTUSES AND SUPPLEMENT DATED MAY 1, 2000
This Supplement is intended to be distributed with prospectuses and supplements
dated May 1, 2000 for certain variable life insurance policies and variable
annuity contacts issued on or before May 1, 2000 by John Hancock Life Insurance
Company, John Hancock Variable Life Insurance Company, or Investors Partner Life
Insurance Company. The variable life insurance 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", "Variable
Master Plan Plus", "Investors Partner Variable Life", "Flex V-1" or "Flex V-2".
The variable annuity contracts involved bear the title "Accommodator Variable
Annuity", "Independence 2000 Variable Annuity", or "Marketplace Variable
Annuity".
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. The Global Equity variable investment option has been renamed the
"International Opportunities II" variable investment option.
. When you invest money in the International Opportunities II variable
investment option, we invest your money in the corresponding Fund of the John
Hancock Variable Series Trust I ("Trust"). The name of that Fund has been
renamed the "International Opportunities II" Fund.
. The International Opportunities II Fund is managed by Rowe Price-Fleming
International, Inc.
The supplement is accompanied with a prospectus supplement dated June 13,
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2000 for the Trust that contains detailed information about the International
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Opportunities II Fund. Be sure to read that prospectus supplement before
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selecting the International Opportunities II investment option.
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