Liberty Health Insurance products to be offered through Manulife Financial

MARKHAM, ON, Nov. 19 – One of Liberty Health’s innovative health
insurance products for individuals, families and owners of small businesses is now
available through selected Manulife advisors under an agreement designed to give customers
across Canada greater choice and flexibility in supplemental health coverage.

Liberty Health’s individual products are adaptable to the
unique characteristics of each provincial health plan, Liberty Health President and CEO
Gery Barry said, in announcing the product distribution agreement with Manulife.

“We are committed to providing our advisors with
innovative and customer-focused products and services that meet the changing health
insurance needs of consumers and owners of small businesses,” added Phil Walton,
Manulife Vice President, Distribution. “This product is designed to supplement
coverage provided by provincial governments and, for those without health insurance
coverage through their employers, this individually purchased product is a great choice.”

Anchoring Liberty Health’s individual insurance portfolio
is its innovative flexCARE(R) plan, which helps consumers bridge gaps in provincial health
insurance plans. Coverage is available for such things as dental care, prescription drugs
not covered by a provincial health plan, plus eyeglasses, private, semi-private hospital
accommodation and more.

“Flexcare offers the best combination of flexibility,
comprehensiveness and affordability in an individual supplemental health plan currently
available in Canada,” Mr. Barry said. “It allows consumers to choose the exact
type and amount of coverage they need at different stages in their lives.” Liberty
Health is a member of the Liberty Canada group and part of the worldwide Liberty Mutual
Group of Companies. Liberty Mutual has been operating in Canada for more than 60 years,
offering a wide range of products and services, including home and automobile insurance.
The Liberty Mutual Group has $20 billion in consolidated revenue and more than $80 billion
in consolidated assets worldwide. Total assets under management are $94 billion.

About Manulife Financial

Manulife Financial is a leading Canadian-based financial
services company 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 (Manulife Financial Corporation and
its affiliated companies) were Cdn$134.6 billion as at September 30, 2001.

Manulife Financial Corporation trades as ‘MFC’ on the TSE,
NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the
Internet at