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2007 News Releases

For Immediate Release

May 7, 2007

Manulife Japan further upgrades functions of its universal–type insurance products

Introducing “Family Income Protection Rider” and “Dread Disease Income Protection Rider”

Tokyo - Manulife Life Insurance Company (“Manulife Japan;” Head Office: Chofu City, Tokyo; President and CEO: Geoff Crickmay) announced that it will commence sales of two new riders, “Family Income Protection Rider1” and “Dread Disease Income Protection Rider,” developed to further enhance the functions of the Company’s universal-type insurance products “ManuFlex,” “ManuMed” and “ManuStep.” Sales will commence nationwide on May 7, 2007 through Manulife Japan’s own sales network of professional sales representatives (known as PlanRight Advisors).

These new riders have been designed and developed to meet the needs of customers who desire to secure sufficient funds for monthly living expenses required by family members in the event of the customer’s death or permanent disability, or who would like to secure funds not only for monthly living expenses but also for hospitalization costs and medical expenses in the event the customer develops one of three major diseases (cancer, heart attack, or stroke).

The addition of these new riders will further enhance the unique features of these universal-type insurance products, which not only enable customers to select suitable riders to meet their needs in the course of their changing life stages, but also provide them with the flexibility to change the coverage to meet the needs of each stage.

The following is an overview of the main features of both the “Family Income Protection Rider” and the “Dread Disease Income Protection Rider.”

Family Income Protection Rider

  • When the insured passes away or is diagnosed with having a permanent disability, monthly benefits will be paid by the Company until the expiration of the insurance period.
  • The amount of coverage can be set flexibly based on the monthly required living expenses.
  • The insurance period can be chosen in accordance with the customer’s life plan.
  • The minimum guaranteed payment period of benefits is set as five years.
  • Lower premium rates are available for insured who are non-smokers.

Dread Disease Income Protection Rider

  • When the insured is diagnosed with having one of three major diseases, dread disease benefits will be paid monthly by the Company until the expiration of the insurance period.
  • The insured can concentrate on receiving treatment for the disease with added peace of mind since benefits will be paid monthly even following discharge from a hospital or outpatient treatment until the expiration of the insurance period.
  • The insurance period can be chosen in accordance with the customer’s life plan.
  • The minimum guaranteed payment period of benefits is set as five years.

About Manulife
Manulife Life Insurance Company (“Manulife Japan”), a member company of the Manulife Financial group, holds the highest level "AAA" credit rating from Standard & Poor’s, one of the world’s most reliable credit rating agencies (as of the end of April 2007).

Manulife Financial is 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. Manulife Financial can be found on the Internet at www.manulife.com.  Manulife Japan can be found on the Internet at www.manulife.co.jp

1.“Family Income Protection Rider” is not available for “ManuMed.”

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For media inquiries please contact:
Manulife Life Insurance Company
Communications Department
Minoru Shimizu
Phone: 042-442-7180