Pilgrim, with a dedicated staff and an experienced management group, has
eighteen years of experience managing residual market business including
CAR's Taxi and Limousine Program . Mike said, "we are looking forward to a
great working relationship with all chosen carriers.

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Manulife Financial can be found on the Internet
at http://www. In its
residual market role, CAR provides access to private passenger and
commercial motor vehicle liability and physical damage insurance to that
segment of the State's motoring public that is unable to obtain automobile
coverage through the voluntary market.

Contains sites for wholesalers of life and/or health insurance.

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MIC is
rated A++ by A.

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"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.commauto.

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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. "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 .

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manulife.com
The John Hancock Division, through its insurance companies, comprises one
of the largest life insurers in the United States. We have extensive experience handling both
voluntary and residual market commercial automobile business for multiple
clients.

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"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.
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.

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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.1 billion of in-force premium. Barry Tagen , Pilgrim's VP of
Underwriting, said "we are pleased Pilgrim was chosen as a Servicing
Carrier for this Program.

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"We hope this will help us expand our
leadership position in the LTC insurance marketplace.

About ICB
Individual Commercial Brokerage is a leading LTC specialist in marketing
Long Term Care insurance across the United, States. Pilgrim, based upon their
proven track record managing the residual market, will provide
performance-driven management inclusive of claims, underwriting and
customer service.com

CAR is the industry operated residual market and statistical agent for
motor vehicle insurance in the Commonwealth of Massachusetts.

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Funds under
management by Manulife Financial and its subsidiaries were Cdn$350 billion
(US$290 billion) as at March 31, 2005.M. Pilgrim was chosen as
a result of a highly effective RFP process and achieved one of the highest
scores based upon overall quality of services and cost effectiveness. Founded
in 1987, Pilgrim was the first company in Massachusetts to provide
third-party management and operational services to property and casualty
insurers and financial institutions.

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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. "Barry Eldridge and the Manulife-John Hancock LTC insurance business
unit brought us exactly what we've been looking for. To learn more about CAR please visit
their web site www.

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About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.
Pilgrim Insurance , a leader in business process
outsourcing, was chosen to service the Commonwealth Automobile Reinsurers
(CAR) Commercial Limited Servicing Carrier Program.

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

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

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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. We are poised to provide quality service to the Program, focusing
on containing claim and service costs as well as depopulation of the
residual market.

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"
This effort represents the second LTC insurance partnership undertaken by
the Manulife-John Hancock Long Term Care Insurance business unit. 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.

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"
"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 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."

In preparation for a January 2006 implementation, CAR solicited a Request
for Proposal (RFP) from all carriers interested in servicing the commercial
residual market business.

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

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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. Eldridge has been
involved in selling insurance for over 20 years and has specialized in LTC
insurance over the past 15 years.

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.com.

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

About HCS
HCS is the leading provider of sales automation solutions for group
benefits brokers.

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HealthConnect provides
brokers multi carrier quoting, enrollment and network analysis as well as HR
and agency management functionality.
John Hancock began selling group LTC insurance in 1988 and today is the
largest provider of employer-sponsored LTC insurance in the U.

PRESS RELEASE Pilgrim Insurance Chosen for Commercial Auto Servicing

Pilgrim is one of six
carriers appointed to manage the approximate two hundred million dollars of
ceded commercial automobile insurance business.

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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. 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."

Pilgrim of Boston, MA provides complete business process outsourcing (BPO)
services for private passenger and commercial automobile business. For additional information about
Pilgrim, please visit our web site at www .

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ICB has an exclusive LTC insurance distribution agreement with
HealthConnect Systems (HCS ), the leading provider of sales automation systems
for group benefits brokers. Mike Trovato, EVP and Treasurer of CAR,
explained the RFP process as an extensive evaluation of each carrier's
ability to manage this business.

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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 . Best, Aa3 by Moody's, AA by Fitch and AA+ by Standard and
Poor's.
Having entered the retail LTC insurance market in 1987, John Hancock is
the second-largest provider of individual coverage in the country. As a chosen carrier, Pilgrim will manage
approximately thirty million dollars of the residual market focused on
servicing both CAR and the individual agents.

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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. 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.