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This release was distributed to members of the Financial Press Club and other press in Japan, in Japanese only. The following translation is provided for information only. Manulife Japan started sales of their variable annuity "ManuSolution" through Kochi’s main and branch banks With the introduction of the 9th bank for over-the-counter sales of “ManuSolution”, the number of bank outlets selling the product now exceeds 700. Japan - Manulife Life Insurance Company (Head Office: Chofu-shi, Tokyo, President & CEO: Trevor Matthews) has started sales of their variable annuity insurance “ManuSolution” through the main and branch stores of the Bank of Kochi, Ltd. (Head Office: Kochi-shi, Kochi, President and CEO: Toshio Okauchi) as of August 18 according to their tie-up sales agreement. Regarding the launch of the tie-up sales with Kochi Bank, Keith Walter, Manulife Japan's Senior Vice President and Managing Corporate Officer, comments as follows: "It is our great pleasure to be able to market ManuSolution, a product well received by customers around the country for its characteristic strengths, through Kochi Bank who have strong base in Kochi Prefecture. We believe ManuSolution can attract Kochi Bank customers as a strong asset building vehicle." The launch of the tie-up sales at Kochi Bank increased the number of banks selling Manulife’s variable individual annuity insurance “ManuSolution” to 9, with over 700 stores handling the product. Manulife Japan now has sales affiliations with 12 financial institutions in total, including securities houses. About “ManuSolution” Manulife Japan launched "ManuSolution" on a nationwide basis in February 2002. The product boasts unique features such as: "Basic annuity amount guaranteed at 80% of single premium amount, irrespective of investment performance": "Capital Protected Fund (CPF) option, which is quite unique for an investment-type annuity": "Fund switching available with all the separate accounts including the CPF", and: "10% of the account value can be withdrawn without surrender charge once every year". Also, the product offers 10 separate accounts including 6 active funds investing in investment trusts managed by Fidelity and Kokusai, etc with 4 different risk/return structures: CPF, conservative, moderate and aggressive. It is thus designed to precisely accommodate varying investment orientations, and is widely accepted by customers nationwide as an investment-type annuity that takes into account Japanese consumers' asset management needs. Manulife Japan, a member company of the Manulife Financial Group headquartered in Canada, holds a top-class "AA+" credit rating from one of the world's most prestigious credit rating agencies, Standard and Poor's Co. (as of July 2003). Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$144.3 billion as at June 30, 2003. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. For further inquiries, please contact: Minoru Shimizu Manulife Life Insurance Company TEL 0424-42-7076 |
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