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2007 News Releases

For Immediate Release

February 1, 2007

John Hancock Launches Fully Guaranteed Whole Life Insurance Product

  • Offers Affordable Guaranteed Protection, Strong Guaranteed Cash Value and Competitive Guaranteed Premiums

  • Easy to illustrate, sell and service

  • Further Strengthens John Hancock’s Competitive Product Line Up

Boston – John Hancock has launched Protection Whole Life1, a fully guaranteed2 whole life insurance product that combines affordable lifetime death benefit protection with guaranteed cash values.

“We believe John Hancock Protection Whole Life may encourage both producers and clients to take another look at traditional whole life insurance as a product to meet their needs,” said Naveed Irshad, Vice President of Product Management for John Hancock Life Insurance.

From the producers’ perspective, Protection Whole Life offers an attractive, affordable product for clients as well as a straightforward design that makes it easy for them to illustrate, sell and service.

From the clients’ perspective, Protection Whole Life offers a simple solution to secure low-cost, permanent life insurance protection along with guaranteed premiums and guaranteed cash values.

“We believe that Protection Whole Life will be extremely attractive in both personal and business insurance situations that require guarantees to meet a financial promise, including qualified plans, wealth transfer, and business continuity. Protection Whole Life offers clients the security for the future that they need from a company they know and trust -- at very competitive premiums,” Mr. Irshad said.

Protection Whole Life uses the 2001 CSO mortality table, allowing for an extension of the premium-paying period to age 121. Extending the premium payment period can result in the most affordable premium possible.

The addition of this new product completes John Hancock’s portfolio of guaranteed life insurance products to meet every client’s need.

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$381 billion (US$341 billion) as at September 30, 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.

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Insurance products are issued by John Hancock Life Insurance Company (U.S.A.) Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance Company of New York, Valhalla, NY, 10595

1Insurance policies and/or associated riders and features may not be available in all states.

2Guaranteed product features are dependent upon minimum premium requirements and the claims-paying ability of the issuer.

Brian Carmichael