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2007 News Releases

For Immediate Release

October 1, 2007

John Hancock Targets “Income Now” Market with New, Optional Guaranteed Withdrawal Benefit Rider

“Principal Returns” provides higher withdrawal rates for “Income Now,” Accumulation Benefit for variable annuity clients who want principal protection

Boston– John Hancock Annuities today announced the introduction of “Principal Returns,” its newest, optional guaranteed withdrawal benefit rider.Principal Returnshas two distinct features: it provides an 8% withdrawal rate for clients seeking “income now,” and offers an accumulation benefit feature for those seeking principal protection while investing in the markets. The new rider complements John Hancock’s popular lifetime withdrawal benefits which were designed with the “income later” client in mind.

“Our current withdrawal benefits provide the best solution for ‘income later’ clients available in the marketplace,” said Marc Costantini, President, John Hancock Annuities. “Principal Returnscompletes our Venture Annuities product suite and provides solutions to clients in areas in which we had not competed, namely the ‘income now’ and the accumulation benefit space. We believePrincipal Returns offers advisors more robust options than had been previously available to them in these niches.”

“Our distribution partners viewPrincipal Returns as a versatile benefit that addresses the needs of older clients concerned with maximum guaranteed income, or, for younger clients, as a cash flow bridge to Social Security retirement benefits or pension benefits. The principal protection offered through the Accumulation Benefit feature ofPrincipal Returns will appeal to conservative clients who want to invest in the equity markets but are concerned with market risk,” said Robert Cassato, Executive Vice President of Distribution for John Hancock.

The ‘income now’ feature ofPrincipal Returns offers clients guaranteed 8% annual withdrawals, whereas the prevailing guaranteed withdrawal rates offered by many variable annuity providers are 7% or less. Clients may elect to receive a lower withdrawal rate in order to increase the guarantee period. In addition,Principal Returns allows clients to lock in potential market gains through an automatic step-up provision that runs until age 95. All remaining withdrawals and step-ups pass to any beneficiary.

Principal Returns’ accumulation benefit feature guarantees principal protection in a down market and return of rider fees in an up market. If no withdrawals are taken during the first 10 years, the client’s contract value is automatically increased to equal the greater of the first year payments or current contract value plus anyPrincipal Returns rider fees paid to that date. At this point in time, clients will still have the opportunity to utilize the ‘income now’ feature ofPrincipal Returns.

The introduction ofPrincipal Returns is another example of John Hancock Annuities’ commitment to offer innovative solutions that help address the range of challenges individuals face in retirement. As with John Hancock’sPrincipal Plus For Life andIncome Plus For Life series of riders, the guarantees ofPrincipal Returns are backed by the claims-paying ability of John Hancock, one of the highest-rated insurance companies in the variable annuity industry.

AboutPrincipal Returnsand Variable Annuities
It is important to understand that Principal Returns is an optional benefit available with Venture Variable Annuity contracts and cannot be elected without purchasing the annuity contract. This benefit may not be appropriate for those individuals who do not foresee a need for liquidity and whose primary focus is tax deferral. Before considering this benefit, please make sure the annuity is suitable for your client’s investment goals and personal circumstances. Principal Returns can only be elected at issue, is irrevocable, and may not be available in conjunction with other riders, all products or in qualified plans. Features and availability may vary by state. Additional restrictions and limitations may apply. There is an additional annual fee of 0.50%, which may be raised to a maximum of 0.95% upon step up. If the fee is raised, the step up may be declined, and the previous fee and rider balanced retained. See the prospectus for full details. Charges may apply to amounts taken in excess of the withdrawal amount available without a withdrawal charge during the surrender charge period. All withdrawals reduce the death benefit and optional benefits. In addition, withdrawals of taxable amounts will be subject to ordinary income tax and, if made prior to age 59½, a 10% IRS penalty tax may apply.

About Manulife Financial and John Hancock
John Hancock is a unit of Manulife Financial Corporation, a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$410 billion (US$386 billion) as at June 30, 2007.

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.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long term care insurance, college savings, and other forms of business insurance.

John Hancock carries the highest—“AAA”—financial strength rating from Standard & Poor’s Ratings Services.**

Contact your financial advisor or visit www.jhannuities.com for more information, including product and fund prospectuses that contain complete details on investment objectives, risks, fees, charges, and expenses as well as other information about the investment company, which should be carefully considered. Please read the prospectuses carefully prior to investing. The prospectuses contain this and other information on the product and the underlying portfolios.

** S&P, May 2007. These ratings, which are current as of the prospectus dated May 2007 and subject to change, are assigned to John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York as a measure of the companies’ ability to honor any guarantees provided by Venture Variable Annuities and any applicable optional riders, but not specifically to the products, the performance (return) of these products, the value of any investment in these products upon withdrawal, or to individual securities held in any portfolio.

This information was prepared to support the promotion and marketing of Venture Annuities. Neither John Hancock Life Insurance Company (U.S.A.), John Hancock Life Insurance Company of New York, John Hancock Distributors LLC, nor any of their representatives provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state, or local tax penalties. Please consult your own independent advisor as to any tax, accounting, or legal statements made herein.

Venture Annuities and the optional riders are not available in all states; product features may vary, subject to state regulation. Variable annuities are not FDIC insured, are long-term contracts designed for retirement purposes, and are subject to investment risk, including the possible loss of principal. Withdrawal charges apply to withdrawals taken in excess of the withdrawal amount available without charge during the surrender charge period, excluding Venture Vision. All withdrawals reduce the death benefit and optional benefits. In addition, withdrawals of taxable amounts will be subject to ordinary income tax and, if made prior to age 59½, a 10% IRS penalty tax may apply. Past performance is no guarantee of future results.

Venture Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), Bloomfield Hills, MI, which is not licensed in New York. In New York, Venture Annuities are issued and administered by John Hancock Life Insurance Company of New York, Valhalla, NY. Venture Combination Fixed and Variable Annuities are distributed byJohn Hancock Distributors LLC, member FINRA.

Not FDIC Insured
Not Bank Guaranteed
May Lose Value
Not a Deposit
Not Insured by Any Government Agency

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Beth McGoldrick