IMPORTANT CONTRACT INFORMATION

(Please file with your contract provisions)

Amendment to your Accumulation Annuity Contract

(CCRA Specimen Plan ______)

The following amendment is comprised of 2 parts. Part A represents changes to your contract provisions due to an administrative change.. Part B represents changes to your contract provisions required due to amendments to the Income Tax Act (Canada).

PART A

Effective April 16, 2004, the provisions of the Accumulation Annuity contract dealing with the valuation date, Maturity date, death benefit guarantee, contract maturity date and definition of spouse are revoked, and replaced by the following provisionsdealing with the valuation date, maturity date, death benefit guarantee, contract maturity date and definition of spouse are revoked, and replaced by the following provisions.. Unless otherwise stated herein, the remaining Accumulation Annuity contract provisions will continue to apply. This amendment shall override any provisions of the policy which are inconsistent with it.

  1. “Valuation date”

A valuation date occurs every day that:

i) the Toronto Stock Exchange (or other exchange if necessary) is open for trading, and

ii) a value is available for the underlying assets.

On these days, we value each of the Funds to determine the market value of the assets and therefore, the value of a unit in each Fund.

We will normally value the Funds on every valuation date. However, we may postpone valuation of the Funds:

i) for any period during which one or more of the nationally recognized stock exchanges are closed for other than a customary weekend or holiday closing,

ii) for a period during which trading on securities exchanges is restricted, or

iii) when there is an emergency during which it is not reasonably practical for us to dispose of investments owned by the Funds or to acquire investments on behalf of the Funds or to determine the total value of the Funds.

The Funds will be valued at least monthly irrespective of any postponement.

  1. “Issue Date” is the effective date of the amendment, April 16, 2004. For the purposes of the Death Benefit Guarantee, the policy anniversary is calculated from the issue date.
  1. “Deposit value” is the market value of the contract at the issue date, or at the deposit maturity date.
  1. “Maturity Date” is replaced by
“Deposit maturity provisions”

A deposit maturity date is the date that a deposit maturity guarantee is applicable. The deposit maturity date will be 10 years from the issue date. If at the issue date If there is less than 10 years remaining from the issue date to the contract maturity date, the last deposit maturity date will bethe contract maturity date will become the deposit maturity date. contract maturity date. On a deposit maturity date, if the deposit maturity guarantee amount is higher than the current market value, we will increase the value of your contract by depositing the difference to a Money Market Fund. If the current market value is higher than the existing guarantee of your contract, your new guarantee will be increased to the higher market value. A new deposit maturity date will be set for 10 years in the future. . If the contract maturity date is less than 10 years from the deposit maturity date at the time of a reset of the deposit maturity guarantee, the contract maturity date will become the deposit maturity date.

  1. Death Benefit Guarantee for Accumulation Annuity contracts (Revised)

From the issue date to the first policy anniversary, the death benefit guarantee is calculated at the time of deposit to be 100% of the deposit value.

Death benefit guarantees are proportionately reduced for withdrawals or transfers out of the contract.

Policy Anniversary Calculation

On each policy anniversary, we will calculate your death benefit guarantee. The death benefit guarantee will equal the greater of:

a) the deposit value (proportionately reduced for withdrawals) for each policy anniversary multiplied by the escalating death benefit percentage (shown in the table below), or

b) the market value of the units of your contract corresponding to the deposit value on the policy anniversary, or

c) the existing death benefit guarantee calculated at the previous policy anniversary (proportionately reduced for withdrawals)

Initial 10 Years and Subsequent Decades

AGE OF POLICY / ESCALATING
DEATH BENEFIT
PERCENTAGE
Prior to First Anniversary / 100% of deposit value
1st Policy Anniversary / 104% of deposit value
2nd Policy Anniversary / 108% of deposit value
3rd Policy Anniversary / 112% of deposit value
4th Policy Anniversary / 116% of deposit value
5th Policy Anniversary / 120% of deposit value
6th Policy Anniversary / 124% of deposit value
7th Policy Anniversary / 128% of deposit value
8th Policy Anniversary / 132% of deposit value
9th Policy Anniversary / 136% of deposit value
10th Policy Anniversary / 140% of deposit value

Death Benefit Guarantee Age 80 Calculation

The death benefit guarantee will be recalculated on the annuitant’s 80th birthday. At this age, the annual policy anniversary calculation stops. The death benefit guarantee will equal the greater of:

a) 100% of the deposit value (proportionately reduced for withdrawals), or

b) 100% of the market value of the units of your contract representing the above deposit value.

Part B (Retirement Savings Plan endorsement (revised))

The following changes are required due to amendments to the Income Tax Act (Canada):

“Maturity Date” is replaced by the following:

Contract Maturity Date

For registered contracts, your Contract Maturity Date will be on the latest maturity date for Registered Retirement Savings Plans as specified by the Income Tax Act (Canada). Currently this is December 31st of the year you attain age 69.

Definition of Spouse

As used in your contract provisions, in any applicable endorsements and in this amendment “spouse” or “common-law partner” does not include any person who is not recognized as a spouse or a common-law partner for the purposes of any provision of the Income Tax Act (Canada) respecting Retirement Savings Plans.

The Manufacturers Life Insurance Company, 500 King St. N, P.O. Box 1602, Waterloo, On N2J 4C6