2006 News Releases

• New Product Further Strengthens John Hancock’s Universal Life Portfolio
• Versatile Product Has Competitive Premiums, High Cash Value Potential

Boston– John Hancock has launched its latest survivorship universal life insurance product, a current assumption policy called Performance SUL.¹

This versatile product is designed for clients seeking low-cost death benefit protection, while also offering significant cash value accumulation potential. The new Performance SUL also offers competitive lifetime level-pay, 10-pay and single-pay premium solves.

Additionally, Performance SUL is priced and designed using the 2001 CSO mortality table, which allows for an extension of the premium paying period to age 121. This flexibility often results in the most affordable premium possible.

“John Hancock Life Insurance has a commitment to meeting clients’ needs through ongoing product innovation, and the addition of Performance SUL demonstrates that,” said Steve Finch, Senior Vice President, John Hancock Life Insurance. “This new product further strengthens our overall universal life portfolio, ensuring that we have a product to meet every client need.”

Performance SUL has a wide variety of applications: it can help protect assets and transfer wealth to heirs, meet business planning needs and fund charitable giving.

Performance SUL also offers a selection of features and optional riders² to help meet clients’ needs:

• 9-year No-Lapse Death Benefit Guarantee
  
• Return of Premium rider² -- provides additional death benefit coverage equal to a percentage of premiums paid, up to 100%
  
• Cash Value Enhancement rider² -- helps reduce the charge to business earnings of an employee benefit or business succession plan when the policy is owned by a corporation

Insurance products are issued by: John Hancock Life Insurance Company (U.S.A.), 197 Clarendon Street Boston, MA 02116.

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$370 billion (US$332 billion) as at June 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 universal life insurance, variable life, term life and whole life, as well as college savings products, fixed and variable annuities, long-term care insurance, mutual funds, 401(k) plans and various forms of business insurance.

¹Products and features may not be available in all states.

²Some riders may have additional costs.

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Contact:
Brian carmichael
Phone: 617-663-4748
E-mail: bcarmichael@jhancock.com