S.
Manulife Financial can be found on the Internet at http://www.

holding any

"Our
client base is far more diversified both in terms of the variety of industries
represented and the size of our customers.

fraternal managed

He earned a Master's degree in Business Administration from
the University of Wisconsin-Milwaukee and a Bachelor's degree from the
University of Wisconsin-Parkside.
"A key factor in our growth is the mix of business we have on the books ,"
said Laura Moore, Senior Vice President, John Hancock Long Term Care.
Having entered the retail LTC insurance market in 1987, John Hancock is
the second-largest provider of individual coverage in the country.

rather financial

He most recently served as the
President of LaPierre + Associates, LLC, a consulting firm that provided
comprehensive claim management and long-term care insurance operations risk
audit services to insurance carriers and third party administrators seeking to
enhance profitability through better claim management.

pension insure

Employer-Sponsored Group Long Term Care
Insurance Sales report.
Moore believes the future looks bright for the Group LTC insurance market. Funds under
management by Manulife Financial and its subsidiaries were Cdn$372 billion
(US$319 billion) as at December 31, 2005.

companies benefit

He has provided
consulting services to many of the top long-term care insurers in the nation,
including Penn Treaty. Steve has also held various risk management positions
with the long-term care insurance division of Fortis/John Hancock Financial
Services, most recently as Vice President of Underwriting and Claims.

business financial

managed insurance

He has
also held various roles in PPO network development and health care
administration .

John Hancock Group Long Term Care Insurance Reports Strong Results for 2005

term benefit

LaPierre has over 20 years of healthcare administration and long-term care
insurance risk management experience ."

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 905 ,000 clients
and $1.

services type

, Penn Treaty American
Corporation (NYSE: PTA) announced today that Stephen R. LaPierre has joined
the Company as Senior Vice President, Claims Management + Policyholder
Services .com.

holding insure

The Company, through its wholly owned direct and indirect subsidiaries,
Penn Treaty Network America Insurance Company, American Network Insurance
company, American Independent Network Insurance Company of New York, United
Insurance Group Agency, Inc.
In 2002, John Hancock and MetLife together were selected to offer long
term care insurance through the Federal Long Term Care Insurance Program for
federal employees, retirees and various family members across the country.

managed type

* Growth occurred in both new and existing business

* Company sees increased interest in mid-sized business market

BOSTON, John Hancock Group Long Term
Care (GLTC) reported that record sales and unprecedented growth of its
existing book-of-business made 2005 a very strong year, helping the company
recapture the role of leading group carrier in the market for new sales
premium (including new sales and reenrollment), with 28 percent market share,
according to LIMRA 's 2005 U."
In employer-sponsored group long-term care insurance (excluding CalPers
and associations ), John Hancock has been the market leader in in-force premium
since 1993, according to LIMRA's annual study.

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. Manulife Financial Corporation
trades as 'MFC' on the TSX, NYSE and PSE, and under '0945' on the SEHK.

health rather

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

services care

In addition , John Hancock conducted a number of very successful re-
enrollment efforts for existing GLTC clients and has also added significant
premium to the books through inflation addition offers. Located in Avon, CT, ALTCL is known for its history in
product development, underwriting and claim handling .com.
The John Hancock unit, through its insurance companies, comprises one of
the largest life insurers in the United States.

companies q

ALLENTOWN, Pa. His background in the
long-term care business and keen understanding of claim risk exposure will
enhance our leadership team." LaPierre, who will report directly to Hunt,
will be responsible for overall claims processing, care management and
customer service.
"We expect that the demand for employer-sponsored LTCI will increase next year
as employers recognize that the coverage is a great no-cost addition to their
benefits packages.

x term

William Hunt, Penn Treaty's President and CEO, said, "Steve's extensive
experience in health administration and insurance knowledge will enable us to
expand our risk management direction.

blueshield financial

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.

q financial

These numbers include John
Hancock's portion of the Federal Long Term Care Insurance Program for years
2002-2005.

term financial

In 2005, total group long term care insurance (LTCI) new sales premiums
increased 48 percent over 2004. The
program is the largest single employer-sponsored LTC insurance program of its
kind.

When the company merged with Manulife Financial Corporation in 2004, John
Hancock Long Term Care Insurance grew to include Manulife's Avon Long Term
Care Leaders (ALTCL), a specialized LTC insurance third party administrator
and risk manager.

health insurance

LaPierre Joins Penn Treaty American Corporation as Senior VP of Claims Management + Policyholder Services

, Network Insurance Senior Health Division and
Senior Financial Consultants Company, is primarily engaged in the
underwriting, marketing and sale of individual and group accident and health
insurance products, principally covering long -term nursing home and home
health care.

rather societies

John
Hancock began selling group LTC insurance in 1988 and today is the largest
provider of employer-sponsored LTC insurance in the U.

This category is for carriers or financial service companies offering products that insure people.

rather benefit

penntreaty. GLTC added 39 new employer groups to its
roster of clients, including Michigan State University, University of
Kentucky, Hawaii Government Employees Association, Boston College and The
General Board of Pension and Health Benefits of the United Methodist Church.3 billion of in-force premium.

type any

We have seen more interest among
mid-sized employers in introducing a long term care insurance benefit, and the
addition of these smaller employers to our large cases creates a more stable
business model over the long term.manulife.

disability societies

His expertise in claims adjudication
and re-engineering of claim process workflow fits well with Penn Treaty's goal
of continuing to improve our overall claims operations .
Additional information on the Company can be found at
http://www. Over the past 15 years ,
ALTCL management has developed LTC insurance programs for more than 20
companies in 14 countries .

It includes insurance for life, health, long term care, disability, and any other type for people rather than property.

financial pension

John Hancock now has 305 employer-sponsored group clients, with more than
250 ,000 insureds and annualized in-force premium of over $165 million. John Hancock today offers a
broad range of financial products and services, including whole life, term
life, variable life, and universal life insurance, as well as college savings
products, fixed and variable annuities, long term care insurance, mutual funds
and various forms of business insurance.