2007 News Releases

Custom Care II California and California Partnership Offer Appealing Benefits for Boomers

Boston– John Hancock Life Insurance Company has introduced a new, competitively priced long term care insurance product suite for the individual market in California. Called Custom Care II California and Custom Care II California Partnership, both policies offer comprehensive, more affordable long term care (LTC) insurance coverage, a broader range of home care options, and valuable caregiving and care planning support for policyowners. Under the California Partnership plan, California policyholders can protect their assets – equal to the dollar value of the benefits paid out of the policy – before qualifying for Medi-Cal.

“With caregiver support and enhanced home and community-based coverage, our new California LTC insurance product suite addresses the concerns that Baby Boomers have about providing and receiving care,” said Laura Moore, president, Long Term Care Insurance. “Best of all, we priced our new policies so that they are more affordable for Baby Boomers and others interested in LTC insurance coverage.”

Custom Care II California and California Partnership Highlights

• Caregiver Support Services - These services include advice, resources and discounts to policyholdersandtheir uncovered family members — addressing the fact that many Baby Boomers and even seniors will be called to care for someone else before they need care themselves.
  
  
• New Enhanced Home & Community-Based Care Rider - This optional rider offers two benefits - a zero-day elimination period for home and community-based or hospice care, as well as an additional stay at home benefit that extends care coverage by paying for home modifications.
  
  
• SharedCare Rider with the 10-year Benefit Period - This benefit allows clients to use their partner’s benefits once theirs are exhausted.
  
  
• Built-in Return of Premium - The beneficiary will receive a benefit equal to total premiums paid less any benefits paid, should the policyholder die before age 65.
  
  
• The ability to convert to inflation at age 65 with no underwriting¹ - Clients who opt for no inflation protection have a one-time option at age 65 to add 5% simple or 5% compound inflation with no underwriting.
  
  
• Pay by credit card on all modes - This capability offers convenience for clients and allows them to earn extra miles and bonus points toward their MasterCard or VISA programs. It is also available to clients on Limited Pay plans.
  
  
• Preferred underwriting with an additional benefit period - Expanded guidelines allow clients to receive preferred underwriting (if they qualify) on the lifetime benefit period.
  

For more consumer information on the need for long term care and basics of LTC insurance coverage, John Hancock maintains a consumer website at: www.johnhancocklongtermcare.com

About John Hancock Long Term Care Insurance
Today, John Hancock, a unit of Manulife Financial Corporation, is one of the largest providers of LTC insurance overall with more than 1,000,000 clients and $1.4 billion of in-force premium.

Having entered the retail LTC insurance market in 1987, John Hancock is one of the largest carriers of individual coverage in the country. John Hancock began selling group LTC insurance in 1988 and today is the largest provider of employer-sponsored LTC insurance in the U.S.

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 (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. 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.

¹Not available with the Custom Care II California Partnership plan. Not available if any benefits have been payable during the two-year period prior to the date this offer is made.

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

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Contact:
Melissa Simon Berczuk
Phone: 617-663-4750
E-mail:mgsimon@jhancock.com