)

Table 3.2% of assets, was held in equity accounts. It is a long-term
retirement investment vehicle offering a combination of insurance benefits,
guaranteed lifetime income payments and tax-deferred savings .

(1)Total Premium Flows represent the sum of new sales [all first-time
buyers of a contract , including inter- and intra-company exchanges] and
additional premiums from existing contract owners . HealthConnect has 52 carriers and 102 "carrier states" on
its industry leading HealthConnect platform and processes 10,000 quote
requests per day from 6,700 brokers across 17 states.
John Hancock began selling group LTC insurance in 1988 and today is the
largest provider of employer-sponsored LTC insurance in the U.

underwriters ltc

clu ltc

Quarterly Variable Annuity Total Premium + Net Flows
Quarter Ended
($ Millions) 3/31/05 12/31/04 9/30/04 6/30/04 3/31/04

Total Flows $31,628 $31,321 $30,026 $33,624 $34,746
Net Flows 4,794 8,240 9,756 12,524 9,663
Net Flows as % 15. This is a decrease of 3. Variable Annuity Assets by Investment Objective

(As a percent of total assets) 3/31/05 12/31/04

Equity 55.
ICB has an exclusive LTC insurance distribution agreement with
HealthConnect Systems (HCS), the leading provider of sales automation systems
for group benefits brokers. He has provided input for the development
and distribution of LTC insurance products to virtually every major writer in
LTC insurance in the US over those 15 years.
In 2002, John Hancock with MetLife were together selected to administer an
LTC insurance program for federal employees, retirees and various family
members across the country.

PRESS RELEASE Prudential Financial Companies Requalify for Membership in IMSA Ethics Standards Association

mandated clu

2% 26.2 8.2

Source: NAVA and VARDS (Morningstar, Inc. "The Manulife-John Hancock merger creates
for us the opportunity to quickly, but selectively, develop specialty niche
products in new markets for producers that are not being served by the
traditional carriers," said Michele Van Leer, Executive Vice President, John
Hancock Long Term Care Insurance. It has been, and is now, a
leading marketer for several major LTC insurers including Transamerica (Aegon)
which recently announced its exit from the LTC insurance marketplace.

risfsp cahi

, The National Association for Variable
Annuities (NAVA) announced today first quarter results for the variable
annuity industry.com. As part
of the agreement, ICB helped develop the product with Avon Long Term Care
Leaders (ALTCL), a Manulife company that became part of John Hancock Long Term
Care Insurance following the merger between John Hancock and Manulife. "The new product will have
features specifically designed for group benefit brokers that are comfortable
marketing group medical plans and want a uniquely designed worksite LTC
insurance product with straightforward underwriting and eligibility
requirements," said Barry Eldridge, President of ICB.

About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.com
The John Hancock Division , through its insurance companies, comprises one
of the largest life insurers in the United States .

This category includes associations and organizations which are primarily concerned with the life and health insurance industry.

underwriting useable

4 billion, or 24.

"We congratulate these Prudential companies on requalifying for IMSA
membership," said IMSA Executive Director Brian Atchinson.

beneficiaries useable

First quarter net
flows of $4.8 billion showed a decrease of 50. The mix in premiums for the first quarter showed 62%
of the total premium flow was in qualified plans and 38% in non-qualified. Variable Annuity Premium Flows(1)
Quarter Ended
(Dollars in Millions) 3/31/05 3/31/04

Total Premium Flows 31,628 34,746
Net Flows 4,794 9,663

Source: NAVA and VARDS (Morningstar, Inc. Variable
annuities allow individuals to invest in a variety of underlying fixed and
equity funds, and provide returns based on the performance of these funds.
"We've wanted to deliver such an LTC insurance product through our
platform for some time, but needed a program that was tailored to the health
insurance agent and could be delivered under the guidance of an organization
known for its LTC insurance success ," said Peter Everett, President + CEO of
HCS. John
Hancock continues to market its successful individual and group LTC insurance
products under the John Hancock brand while pursuing niche LTC insurance
markets under the Manulife name. Members commit to maintaining high
ethical standards and to being fair, honest, and open in the way they
advertise, sell and service their products.org .

mandated imsa

RESTON, Va.9% to $1."
This effort represents the second LTC insurance partnership undertaken by
the Manulife-John Hancock Long Term Care Insurance business unit.

mandated retiree

2
Bonds 8.

About Manulife Insurance Company
Manulife Insurance Company (MIC), a subsidiary of John Hancock Life
Insurance Company, is a new entrant to the LTC insurance marketplace."

IMSA is a voluntary, non-profit organization created to strengthen consumer
trust and confidence in the life insurance, long-term care insurance and
annuity products industry.

imsa ltc

Being an
IMSA-qualified company further demonstrates to both investment
professionals and their clients our commitment to integrity and our pledge
to uphold stringent ethical standards in doing business with them.

napri chfc

)

Total variable annuity premium flow, or total sales, for the first quarter
was $31.8%
of total flows

Source: NAVA and VARDS (Morningstar, Inc .5 billion, or 55.8% of assets,
was held in fixed accounts.)

About Annuities -- With the decline in availability of employer sponsored
pension plans and proposed changes to Social Security , an annuity is fast
becoming an integral component of a retirement plan.
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. 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. IMSA members represent nearly 55 percent of the
individually sold life insurance, long-term care insurance, and annuity
products written in the United States.

underwriting imsa

Table 4.4 9.
Only annuities protect retirement assets against market volatility and
guarantee retirement income that cannot be outlived . NAVA
provides a variety of services to the industry including educational forums,
research, and conferences aimed at furthering the development and
understanding of fixed and variable annuities , income annuities and variable
life insurance. Barry Eldridge,
president, was one of the founding members of the National Long Term Care
Network, which is known for its success in recruiting, training , and
supporting insurance agents in marketing LTC insurance.1 billion of in-force premium. "By successfully
completing the rigorous, independent reviews of their marketing, sales and
compliance practices , they have shown their commitment to the high
standards of ethical business practices embodied in IMSA's Principles.

underwriting annuity

1 trillion at the end of the first quarter, as compared
to the end of the fourth quarter of 2004.8%
relative to the first quarter a year ago.

About the National Association for Variable Annuities (NAVA) -- NAVA is a
non-profit trade association located in suburban Washington D. Funds under
management by Manulife Financial and its subsidiaries were Cdn$350 billion
(US $290 billion) as at March 31, 2005.

terminators acli

variable annuities
decreased 1.3% 32.5% 37.manulife .

imsa chfc

Table 1.2% 27.2% 55.4
Money Market 2. Through this exclusive partnership, HCS' 6,700
broker clients will be able to quote and enroll the new LTC insurance product
automatically alongside their medical products."
"With ALTCL's product expertise, ICB's marketing success in the individual
worksite arena and HCS' vast access to medical producers, we're unleashing a
powerful team into this unserved market which continues to demonstrate our
commitment to grow in the LTC insurance space," said Van Leer .

About HCS
HCS is the leading provider of sales automation solutions for group
benefits brokers. Manulife Financial can be found on the Internet
at http://www."

IMSA Ethics

David Odenath, president, Prudential Annuities, noted, "We're very pleased
about American Skandia's IMSA qualification.

ltc vested

6 billion,
or 55.2%
as compared with year-end 2004 when $628.9%
Fixed Accounts 24. MIC is
rated A++ by A. It represents another step in
the company's integration into the Prudential family.

clu cahi

7 billion. ALTCL,
a pioneer in LTC insurance and risk management, will handle product
development, underwriting and claims management for the new product.

resulted cahi

Net assets increased by 6. The mix also shows that $273.3
Balanced 9.
With the merger in 2004, John Hancock Long Term Care Insurance now
includes Manulife's Avon Long Term Care Leaders (ALTCL), a specialized LTC
insurance third party administrator and risk manager .

290 beneficiaries

NAVA Reports First Quarter Variable Annuity Industry Data

6 billion, a 9.0% decrease from first quarter 2004. HealthConnect provides
brokers multi carrier quoting, enrollment and network analysis as well as HR
and agency management functionality.
Three companies in the Prudential Financial
Group -- Prudential Insurance Company of America, Pruco Life Insurance
Company and Pruco Life Insurance Company of New Jersey, all based in
Newark, NJ, -- have qualified to renew their membership with the Insurance
Marketplace Standards Association (IMSA), the national organization
dedicated to promoting high ethical standards in the marketing, selling and
servicing of individually sold life insurance, annuities and long-term care
insurance. An important credential only a
select number of insurers have attained, the IMSA seal is a guidepost of
excellence and integrity for consumers .

ltc 290

Variable Annuity Net Assets
(Dollars in Millions) 3/31/05 12/31/04 3/31 /04

Total Net Assets 1,103,422 1,124,233 1,033,571

Source: NAVA and VARDS (Morningstar, Inc. NAVA also maintains and supports an educational website for
consumers at http://www.
Having entered the retail LTC insurance market in 1987, John Hancock is
the second-largest provider of individual coverage in the country. We
applaud their ongoing dedication to IMSA's standards and their continuing
efforts to safeguard the consumer.

purchasers napri

C. The program is the largest single employer-
sponsored LTC insurance program of its kind.

In addition, American Skandia Life Assurance Corporation, a Prudential
Financial company, acquired by Prudential in 2003 , has completed the
necessary assessments to qualify for IMSA membership.

cahi underwriting

5% from first quarter 2004 net
flows of $9.

Table 2.
The unit has entered a marketing agreement with Individual Commercial
Brokerage (ICB), a national marketing organization specializing in selling
individual LTC insurance in the worksite market, to sell the product.

About John Hancock Long Term Care Insurance Division
Today, John Hancock, a division of Manulife Financial Corporation, is one
of the largest providers of LTC insurance overall with more than 800,000
clients and $1.S.

coalitions insurers

)

The mix of net assets by investment objective showed that $608.9%, was held in
equity accounts .8 24.4 2. Eldridge has been
involved in selling insurance for over 20 years and has specialized in LTC
insurance over the past 15 years.M.

insurers useable

S. Net Flows represent Total
Premium Flows minus surrenders, withdrawals, inter- and intra-company
exchanges, and benefit payments.

About ICB
Individual Commercial Brokerage is a leading LTC specialist in marketing
Long Term Care insurance across the United, States.
Manulife Financial Corporation trades as 'MFC ' on the TSX, NYSE and PSE,
and under '0945' on the SEHK. Best, Aa3 by Moody's, AA by Fitch and AA + by Standard and
Poor's. The IMSA website is
www.IMSAethics.

acli vested

The combined net assets of U.RetireOnYourTerms .

John Hancock Long Term Care Insurance Announces Second Manulife-Branded Niche Long Term Care Insurance Product

New Product Designed to be Sold by ICB Health Insurance Agents

Online Sales Automation Provided by HealthConnect Systems

BOSTON, The John Hancock Long Term Care
Insurance business unit announced it will offer a Manulife-branded niche long
term care (LTC) insurance product designed for sale by agents who market group
health insurance, and will be launched later in the year. "Barry Eldridge and the Manulife-John Hancock LTC insurance business
unit brought us exactly what we've been looking for. "We hope this will help us expand our
leadership position in the LTC insurance marketplace. Located in Avon, CT,
ALTCL is known for its history in product development, underwriting and claim
handling. Over the past 15 years, ALTCL management has developed LTC
insurance programs for more than 20 companies in 14 countries.