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2007 News Releases

For Immediate Release

May 1, 2007

John Hancock Annuities Introduces New, Optional Lifetime Withdrawal Benefit

Tradition of annuity innovation continues with Income Plus for Life rider

Boston– John Hancock Annuities today announced the introduction of its new Income Plus For Life optional withdrawal benefit rider. Investors who elect the new rider, offered on John Hancock’s Venture Variable Annuity contracts, are guaranteed lifetime income that can begin as early as age 59½. The initial annual income is 5% of their initial purchase payment. This amount can increase for investors who wait at least one year to take withdrawals, and is guaranteed to double for clients who wait the later of at least 10 years or age 70.

“We are proud to add Income Plus For Life to our industry-leading withdrawal benefit platform. Our experience in the annuity market has taught us that clients value the protection of guaranteed lifetime income. We have also learned that most clients do not take income immediately from their annuity. With Income Plus For Life, we are able to provide additional rewards for those clients who plan to take income later,” said Marc Costantini, President, John Hancock Annuities.

With Income Plus For Life, clients are credited with a 6% bonus for each year they do not take a withdrawal. Beyond the 6% bonus, if no withdrawals are taken for the first 10 years (or by age 70 if later) the benefit base is increased to a minimum 200% of the initial purchase payment. For a client age 60, this provides guaranteed lifetime income of 10% of their initial purchase payment starting at age 70.

“Our new offering provides benefits for the baby boomers who are near or entering retirement. We are able to guarantee lifetime income as early as age 59½ . And in addition, we can guarantee that their benefit base may double by age 70, the age investors are required to start taking income from their qualified retirement assets,” said Robert Cassato, Executive Vice President of Distribution for John Hancock.

With the highest financial strength rating assigned by Standard & Poor’s, AAA, John Hancock is strategically positioned to serve the individual retirement market by providing guaranteed lifetime withdrawal benefits and other key retirement income products.

An additional annual fee applies if an investor elects an Income Plus For Life rider. The annual fee of 0.60% (1.20% maximum) is based on the adjusted benefit base and is deducted from the contract value on the anniversary. Upon step-up, the fee may increase to an annual maximum. The step-up may be declined if the fee is raised and the previous Benefit base retained. Additional restrictions and limitations apply. Income Plus For Life provides a return of an amount equal to principal only if the annual withdrawal amount is not exceeded. Contact John Hancock for a prospectus for full details.

About John Hancock and Manulife Financial
John Hancock is a unit of Manulife Financial Corporation (the Company), a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and in most of Asia, and primarily as 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$414 billion (US$355 billion) as at December 31, 2006.

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.

The guarantees are backed by the claims paying ability of the issuer. It is important to understand that Income Plus For Life is an optional benefit available with Venture Variable Annuities contracts and cannot be elected without purchasing the annuity contract. This benefit may not be appropriate for investors 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 investment goals and personal circumstances.

Contact your financial consultant 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 on 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.

Optional riders may not be available in all states, can only be elected at issue, are irrevocable, and may not be available in qualified plans. Features may vary by state. Only one version of Income Plus For Life can be elected per contract.

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 free withdrawal amount 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.

Venture Annuities are issued and administered by John Hancock Life Insurance Company (U.S.A.), a Bloomfield Hills, MI, company with its annuity service office in Boston, MA. In New York, Venture Annuities are issued by John Hancock Life Insurance Company of New York. Venture Combination Fixed and Variable Annuities are distributed by John Hancock Distributors LLC, member NASD.

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

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Beth McGoldrick