Manulife Financial launches Online Annuity Quotation System for advisors across Canada

WATERLOO, ON, May 2, 2002 – Manulife Financial advisors
across Canada now have instant access to quick online annuity quotes for their clients
through Manulife’s “advisor-only” Web site, Repsource
(www.manulife.com/repsource).

This new annuity quotation system provides advisors with
easier online access to Manulife annuity income quotations and easier-to-read client reports.

“This Web-based quotation system provides advisors
with a convenient way to provide the best annuity options for their clients,” says
Rick Annaert, Manulife Vice President, Planning and Strategy. “Manulife offers a wide
range of advisor tools available on Repsource, including information on annuities and
related products so advisors can spend more time with their clients rather than waiting for information.”

Guaranteed Income for Life

Annuities are one of the safest and most reliable
retirement income products in Canada. Life annuities, in particular, sold only through
life insurance companies, are among the best ways to guarantee income for the rest of your
life, overcoming the biggest retirement concern of outliving one’s savings.

“Interest in annuity payout products has increased
dramatically at Manulife over the past year,” notes Mr. Annaert. “As the general
Canadian population ages, we are finding more clients concerned with guaranteed retirement
income. By using some of their retirement savings to buy a life annuity, clients can feel
more comfortable investing the rest a bit more aggressively.”

Online Advisor Tools

Manulife’s Repsource Web site incorporates well-organized
and accessible administrative, product and marketing information, plus technology training
and support for Manulife advisors. This online gateway also offers key business tools
available direct from Repsource, plus a newly-added public section of the site.

Combined with secure e-mail, advisors can stay up-to-date,
making sales easier wherever and whenever they do business.

About Manulife Financial

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 Cdn$146.7 billion as at March 31, 2002.

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 www.manulife.com.

To view Repsource, please visit
www.manulife.ca/repsource.