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Manulife USA to distribute $363 million to participating U.S. policyholders Boston – The policyholder dividend scale on all Manulife USA participating policies will be maintained at current levels for the period of July 1, 2002 through June 30, 2003, resulting in estimated payments to its U.S. policyholders of US$363 million, up four percent from prior year levels. Participating policies held by North American Life’s U.S. policyholders prior to the company’s 1996 merger with Manulife Financial are also included. “Manulife Financial is proud of our financial strength. Despite the industry trend towards declining policyholder dividends, Manulife has maintained its policyholder dividend scale for the ninth consecutive year. We believe that this achievement is a demonstration of our commitment to providing stable, long-term value to our policyholders,” said John D. DesPrez III, Chairman and President, Manulife USA. The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA), part of the Manulife Financial group of companies, is committed to offering the highest quality annuity, life insurance, pension and tax-deferred college savings products to its clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing attractive risk-adjusted returns and broad diversification across asset classes, investment styles, and asset managers. With its extensive product lines, competitive underwriting, excellent ratings, and quality customer service, Manulife USA is dedicated to providing quality products designed to help create and preserve wealth for its clients. 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 US$92.1 billion (Cdn$146.7 billion) as at March 31, 2002. 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. -30- Media Contact: Wendy W. Smith U.S. Communications 617-854-4348 wendy_smith@manulife.com |
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