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2007 News Releases

For Immediate Release

January 23, 2007

John Hancock Survey: Most Americans Prefer Planning Their Will To Preparing for Long Term Care (LTC)

Concerns Around Needing LTC Makes Respondents Reluctant To Begin Planning
John Hancock Executive: Solid Financial Plan Increases Odds Of Meeting Hopes and Promises For The Future

Boston – If given the choice between sitting down to plan their will or sitting down to discuss possible long term care needs, more than half (55 percent) of respondents in a survey conducted for John Hancock Life Insurance Company (John Hancock) said they’d opt for the will. A similar percentage (53 percent) said that going to a nursing home is worse than becoming bankrupt and half said they consider it worse than dying.

“While most Americans recognize the importance of planning for their possible long term care needs, the emotions that surround the thought of losing their independence, as well as the misconceptions they have about care options, make it uncomfortable for them to begin putting a plan in place,” said Laura Moore, senior vice president of John Hancock’s Long Term Care Insurance Department.

“We have found that once people understand the facts about long term care, planning for the possibility of needing it becomes much less daunting. For example, long term care does not necessarily have to mean nursing home care. In fact, most care today is received in a home setting. Long term care insurance can give individuals more choices about the kind of care they receive and where they receive it.”

Long term care is the assistance needed by someone who can no longer independently perform daily activities such as eating, bathing, or dressing. This care can be received at home or in an assisted living facility, adult day care center, or a nursing home.

John Hancock’s survey of 1,000 people ages 21 to 75, conducted by Greenwald & Associates for John Hancock, examined consumer attitudes about LTC. John Hancock conducted similar surveys in 1996, 1997, and 1998.

Ms. Moore noted that John Hancock has found that the purchase of long term care insurance can dramatically change the quality of care for those needing care and the quality of life for their families when a care situation arises.

She said long term care insurance today is much easier to understand, quite affordable and should be considered a vital component of any comprehensive financial plan.

“When people move forward with long term care planning, they are making a promise for the future to themselves and to the people they care about most,” Ms. Moore said. “They are taking an important step to help preserve their savings and protect their family members from the burden of caregiving. It’s a decision they can feel good about both for themselves and for their loved ones.”

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.

Long Term Care Insurance is underwritten by John Hancock Life Insurance Company, Boston, MA 02117

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Brian Carmichael