2004 News Releases

Boston– Enhancing its offering to clients seeking guaranteed coverage, The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) introduced the enhanced Manulife Survivorship UL-G¹, a survivorship universal life insurance product that offers lifetime guaranteed coverage. ²Survivorship UL-G delivers significant premium reductions for clients who prefer to high early fund their policies, offering more flexible funding choices and increased affordability to meet a variety of policyholder needs.

Meeting market demand for strong guarantees, Survivorship UL-G is designed to provide guaranteed coverage for life of the insured, even if the policy’s net cash surrender value falls to zero or below. Survivorship UL-G offers these guarantees with a number of competitively priced funding choices, resulting in a product flexible enough to meet the needs of a wide range of policyholders.

“Over the last two to three years, we’ve seen an increased demand for products with guarantees, and we expect that trend to continue even as the economy recovers,” said Robert A. Cook, President, U.S. Insurance, Manulife USA. “Backed by Manulife USA’s over 100 years of insurance industry experience and financial strength, Survivorship UL-G offers policyholders the security they need with the affordable and flexible funding options they want.”

About Manulife
The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) is committed to offering the highest quality life insurance, pension, and individual wealth management products to its clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing attractive risk-adjusted returns and broad diversification across asset classes, investment styles, and asset managers. With its extensive product lines, competitive underwriting, excellent ratings, and quality customer service, Manulife USA is dedicated to providing quality products designed to help create and preserve wealth for its clients.

Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were US$121.2 billion (Cdn$156.7 billion) as at December 31, 2003.

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.

¹ Survivorship UL-G is issued by The Manufacturers Life Insurance Company (U.S.A.), a stock company, which is a member of the Manulife Financial group of companies, wholly owned subsidiaries of Manulife Financial Corporation. All product features may not be available or may vary by state. Product availability subject to state approval.

² Guaranteed coverage available through Policy Protection Rider (PPR) an Policy Protection Rider Enhanced (PPRE). These guaranteed product features are dependent upon the claims-paying ability of The Manufacturers Life Insurance Company (U.S.A.).

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Media Contact:
Heather Randolph
U.S. Communications
(617) 854-4342
hcarter@manulifeusa.com