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2007 News Releases

For Immediate Release

May 24, 2007

John Hancock Enables Producers To Complete Life Insurance Applications Electronically

JH Illustrator Enhancements Further Simplify Application Process

Boston– John Hancock has enhanced its JH Illustrator software system, making it now possible for producers to complete life insurance applications electronically.

Building on an application wizard added to the software system last year, John Hancock has essentially eliminated all handwriting -- except for the producer and client's signature -- from the application process.

"Life insurance applications, especially at the higher end of the market, are complex, requiring numerous forms and a great deal of information," said Naveed Irshad, Vice President of Product Management, John Hancock Life Insurance. "Historically, much of this information has been filled in by hand. It was a time consuming task that we have all but eliminated. The only handwriting producers and customers will need to do is adding their John Hancock when they sign the application."

He said John Hancock is committed to ensuring that doing business with the company is as easy and efficient as possible for producers and their clients.

"Being able to enter data once by computer and have it pre-populate the rest of the application and then being able to type in any additional information will be an enormous time saver for producers," Mr. Irshad said. "We're not done either. We have committed to additional investments that will make doing business with John Hancock seamless from start to finish."

After producers insert information in JH Illustrator for a policy illustration, this information automatically populates the appropriate fields on the life insurance application. The system also pre-selects and pre-fills supplemental forms that need to be included with the application.

Once the forms are pre-filled, producers are prompted to save the application on their computer and fill in additional required information based on the case input directly within JH Illustrator. Unlike paper applications where the client needs to initial any changes, the enhancements let producers make and save changes neatly and quickly. In addition, because producers type in the information, the application that producers print out for the client's signature will be far easier to read.

JH Illustrator also now includes an asset allocation option that allows producers to include a client's responses from a risk tolerance questionnaire and generates the appropriate asset allocation for the client's risk tolerance level and time horizon.

"This enhancement enables producers to offer an appropriate Lifestyle or Lifecycle fund to clients or can put together a series of fund choices from the John Hancock Trust that would meet the client's needs," Mr. Irshad said.

John Hancock Life Insurance offers a comprehensive life product portfolio, including universal, variable, whole, and term life insurance, distributed through producer groups, brokerage general agencies, independent broker dealers, wirehouses, banks and its career agency system, John Hancock Financial Network.

About John Hancock and Manulife Financial
John Hancock is a wholly-owned subsidiary 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$426 billion (US$370 billion) as at March 31, 2007.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK. Additional information about Manulife Financial may be found at www.manulife.com. Additional information about John Hancock may be found at www.johnhancock.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 universal life insurance, variable life, term life and whole life, as well as college savings products, fixed and variable annuities, long-term care insurance, mutual funds, 401(k) plans and various forms of business insurance.

Insurance products issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02117

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Insurance products issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02117

Brian Carmichael