ITEM 1. BUSINESS
"Business of JHVLICO" on page 16, "Competition" on page 22, and "Regulation" on page 23 of the prospectus attached hereto as Exhibit 99 are incorporated herein.
ITEM 2.
ITEM 2. PROPERTIES
"Employees and Facilities" on page 22, and "Transactions with JHMLICO" on page 23 of the prospectus attached hereto as Exhibit 99 are incorporated herein.
ITEM 3.
ITEM 3. LEGAL PROCEEDINGS
There are no pending legal proceedings (other than ordinary routine litigation incidental to the business) to which the registrant is a party and which the registrant believes would result in a material liability.
ITEM 4.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Not applicable.
PART II
ITEM 5.
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
Not applicable.
ITEM 6.
ITEM 6. SELECTED FINANCIAL DATA
"Selected Financial Data" on page 16 of the prospectus attached hereto as Exhibit 99 is incorporated herein.
ITEM 7.
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
"Management'S Discussion and Analysis of Financial Condition and Results of Operations" on pages 16 through 22 of the prospectus attached hereto as Exhibit 99 is incorporated herein.
Disclosure regarding the impact of the year 2000 from Note 12 to the JHVLICO financial statements at page of the prospectus attached hereto as Exhibit 99 is incorporated herein by reference.
ITEM 8.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The Report of Independent Auditors and JHVLICO financial statements on pages through of the prospectus attached hereto as Exhibit 99 are incorporated herein.
ITEM 9.
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
PART III
ITEM 10.
ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
"Directors and Executive Officers" on page 24 of the prospectus attached hereto as Exhibit 99 is incorporated herein.
ITEM 11.
ITEM 11. EXECUTIVE COMPENSATION
"Executive Compensation" on page 25 of the prospectus attached hereto as Exhibit 99 is incorporated herein.
ITEM 12.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
All of JHVLICO's outstanding shares are owned by John Hancock Mutual Life Insurance Company, 200 Clarendon Street, Boston, Massachusetts 02117.
ITEM 13.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
"Transactions with JHMLICO" on page 23 of the prospectus attached hereto as Exhibit 99 is incorporated herein.
PART IV
ITEM 14.
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
(a)(1) The following financial statements of John Hancock Variable Life Insurance Company are included in Item 8:
Statutory-Basis Statements of Financial Position -- December 31, 1997 and 1996 Statutory-Basis Statements of Operations and Unassigned Deficit -- Years ended December 31, 1997, 1996 and 1995 Statutory-Basis Statements of Cash Flow -- Years ended December 31, 1997, 1996 and 1995 Statutory-Basis Statements of Stockholder's Equity -- Years ended December 31, 1997, 1996 and 1995 Notes to Statutory-Basis Financial Statements -- December 31, 1997
(a)(2) The following financial statement schedules are included as schedules to this form:
I. Summary of Investments -- Other Than Investments in Related Parties
III. Supplementary Insurance Information
IV. Reinsurance
All other schedules required by Regulation S-X are not required under the related instructions or are inapplicable and therefore have been omitted.
(a)(3) Listing of Exhibits
3(i) Articles of Incorporation of John Hancock Variable Life Insurance Company (incorporated by reference from Form S-1 Registration Statement of JHVLICO filed on September 25, 1995, File No. 33-62895).
3(ii) By-laws of John Hancock Variable Life Insurance Company (incorporated by reference from Form S-1 Registration Statement of JHVLICO filed on September 25, 1995, File No. 33-62895).
4(a) Form of Modified Guaranteed Annuity Contracts (incorporated by reference from Form S-1 Registration Statement of JHVLICO filed on September 25, 1995, File No. 33-62895).
4(b) Form of Certificate to be used in connection with the Contract filed as Exhibit 4(a) (incorporated by reference from Form S-1 Registration Statement of JHVLICO filed on September 25, 1995 File No. 33-62895).
4(c) Form of Application to be used in connection with the Contract filed as Exhibit 4(a) (incorporated by reference from Pre- Effective Amendment No. 1 of Form S-1 Registration Statement of JHVLICO filed on July 3, 1996, File No. 33-62895).
21 Subsidiaries of the Registrant
23 Consent of Independent Auditors
24 Power of Attorney for Messrs. D'Alessandro, Shaw, Paster, Tomlinson, Reitano, and Lee, and Mses. Luddy and Van Leer (incorporated by reference from Form S-1 Registration Statement of JHVLICO filed on September 25, 1995, File No. 33-62895). Power of Attorney for Ronald J. Bocage (incorporated by reference from Post-Effective Amendment No. 1 to this Form S-1 Registration Statement of JHVLICO filed March 29, 1997, File No. 33-62895).
98 Financial Statement Schedules
99 Form of prospectus to be filed as part of Form S-1 Amended Registration Statement for JHVLICO.
(b) Reports on Form 8-K filed in the fourth quarter of 1996.
None.
(c) Exhibits
The Exhibits listed in 14(a)(3) of this Report, and not incorporated by reference to a separate file, follows "SIGNATURES."
(d) Financial Statements Schedules
The financial statements schedules listed in 14(a)(2) of this Report are set forth in Exhibit 98.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
JOHN HANCOCK VARIABLE LIFE INSURANCE COMPANY (Registrant)
March 27, 1998 By: /s/ Ronald J. Bocage ------------------------------------ Ronald J. Bocage Vice Chairman and President
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been duly signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
March 27, 1998 By: /s/ Patrick F. Smith ------------------------------------ Patrick F. Smith Controller
March 27, 1998 By: /s/ Ronald J. Bocage ------------------------------------ Ronald J. Bocage Vice President and Counsel
For himself and as Attorney in Fact for:
David F. D'Alessandro Chairman Henry D. Shaw Vice Chairman and President Robert S. Paster Director Michele G. VanLeer Director Joseph A. Tomlinson Director Robert R. Reitano Director Barbara L. Luddy Director Thomas J. Lee Director