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Manulife USA enhances Venture VUL ProtectorSM -- Offering Affordable Protection with Guarantees -- Boston – The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) introduced its new Venture VUL Protector to offer what today’s security-conscious clients want – truly affordable death benefit protection with 20 year no lapse guarantees. Venture VUL Protector can be ideal for estate planning clients whose first priority is ensuring that a legacy remains intact for their beneficiaries. At the same time, it can meet the needs of those who want to access the long-term potential growth offered through the wide choice of investment options available with Protector. The guarantees associated with the Venture VUL Protector are an affordable way to ensure that coverage will remain in place through all market conditions. The policy includes a base No-Lapse Guarantee –– at no additional cost. Clients need to pay only the minimum premium required to keep their policy in force to receive the peace of mind that their policy will not lapse during the guarantee period. In addition, the option of a unique Extended No-Lapse Guarantee is available – for a reasonable additional cost – offering the client protection from market downturns for any duration up to age 100.1 Additionally, a Venture VUL Protector policy automatically includes an interest-free “catch up” feature that allows a client to make-up skipped premiums during the guarantee period without penalty or interest. “Manulife Financial continues to lead the way by offering truly affordable death benefit protection with such solid no lapse guarantees in a variable life insurance product,” said Robert A. Cook, President, U.S. Insurance, Manulife USA. “Protector is ideally positioned as an affordable alternative to meet a range of estate planning and wealth transfer needs.” Clients have access to their policy information by either logging on to ServiceNet, Manulife USA’s Insurance policy service Web site at www.manulife.com/usinsurance or calling the full service telephone hotline at 1-800-VARILINE. Venture VUL Protector is distributed by Manulife Financial Securities LLC through other broker/dealers appointed by Manulife Financial Securities. Those interested in finding out more about Venture VUL Protector can contact this toll free number to obtain a current prospectus that contains more details and information on all charges, expenses, risk factors and limitations. Please read the prospectus carefully before purchasing. About Manulife Financial The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) is committed to offering the highest quality annuity, life insurance, pension, tax-deferred college savings, and separately managed account products to its clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing attractive risk-adjusted returns and broad diversification across asset classes, investment styles, and asset managers. With its extensive product lines, competitive underwriting, excellent ratings, and quality customer service, Manulife USA is dedicated to providing quality products designed to help create and preserve wealth for its clients. 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 US$92.1 billion (Cdn$139.8 billion) as at June 30, 2002. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. 1The 20-Year No-Lapse Guarantee is automatically included with Venture VUL Protector. During this period the policy will be in effect as long as the cumulative No-Lapse Guarantee test is met. The Extended No-Lapse Guarantee (ENLG) is available for a low additional cost. These guaranteed product features are dependant upon the claims- paying ability of The Manufacturers Life Insurance Company (U.S.A.) and in no way guarantees the performance of the underlying funds or principal value of the separate account. Duration of the 20 year NLG may be less at older ages. In Illinois, the NLG is called Death Benefit Protection. The NLG applies to any supplementary term coverage for only two years. At Age 100 any supplementary term coverage ceases and the total death benefit is reduced to the base policy amount. -30- Media Contact: Wendy W. Smith U.S. Communications 617-854-4348 wendy_smith@manulife.com |
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