BOSTON – Today, John Hancock announced the expansion of its Apple Watch program to include the recently announced Apple Watch Series 6 and Apple Watch SE for life insurance customers participating in the John Hancock Vitality Program, which rewards customers for the everyday things they do to live longer, healthier lives. Beginning this fall, John Hancock Vitality PLUS members can earn an Apple Watch Series 6 or Apple Watch SE for as little as $25 plus tax by exercising regularly.* “While John Hancock Vitality offers something for everyone, it can be especially impactful and beneficial for people in higher-risk health categories or those who are concerned about their personal health —...
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In mid-September, life insurer John Hancock announced that it would be giving all of its members access to Vitality, a behavior changing rewards platform that is combined with a wearable. The idea is to incentivize policy holders to become more active and make healthier nutrition decisions. As part of this announcement all insurance policy holders will have access to the Vitality products. Members will have the ability to opt into two plans. The first is Vitality Go, which gives members access to fitness and nutrition resources and and personalized health goals, and gives users discounts at brand outlets when they reach their activity goals. The second, Vitality Plus, costs users $2 a...
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John Hancock Term Life Insurance is one of the most affordable ways to protect your loved ones and help build financial security. Do you need life insurance? Some people think life insurance is only for the wealthy, but you don’t have to be a millionaire to need it — or afford it. Not only can life insurance protect your family’s financial future, but now it can even help you live a longer, healthier life with the John Hancock Vitality Program. A life insurance policy can give you the protection you need throughout your lifetime. Are you single, engaged, or married? A life insurance policy can help any loved ones you may be supporting, settle outstanding obligations, and continue to pay...
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John Hancock ’s Vitality program changed the insurer/policyholder relationship from being a brief interaction focused on the customer’s mortality to becoming an ongoing engagement focused on the customer’s health and well-being. Brooks Tingle, John Hancock’s President and CEO, spoke about how Vitality has continued to provide value to customers during the pandemic and what that means for the life insurance customer experience more broadly, during the ITC Global session, “Transforming Life Insurance to Help Customers Live Longer, Healthier Lives,” moderated by Katherine Chiglinski of Bloomberg News. Acknowledging the tragedy of the pandemic Tingle related that it had both expected and...
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(Reuters) - John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. The move by the 156-year-old insurer, owned by Canada's Manulife Financial Corp MFC.TO, marks a major shift for the company, which unveiled its first interactive life insurance policy in 2015. It is now applying the model across all of its life coverage. Interactive life insurance, pioneered by John Hancock’s partner the Vitality Group, is already well-established in South Africa and Britain and is becoming...
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When Apple launched its latest Apple Watch, John Hancock Life Insurance was one of the enterprise headliners as a partner with its Vitality program. I caught up with John Hancock Life Insurance CEO Brooks Tingle to talk about the company's partnerships with Fitbit, Apple Watch and Amazon Halo to connect customer experience, actuarial data and technology. Why life insurance and wearable device data? Tingle said wearable data allows John Hancock to connect with customers more often and have more touch points. Tingle said: One's life insurer should care an awful lot about someone living a long, healthy life. Among other than immediate friends and family, who really cares more about you living...
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John Hancock is a Boston-based company that is best known for offering life insurance, investment and retirement products. The company was founded in 1862 and is currently the eighth-largest life insurance company on the market, with 2.77% of the market share. According to its website, John Hancock provides insurance coverage to more than 2.6 million policyholders around the country. John Hancock Quickpoints Insurance products offered: Individual J.D. Power rating for overall satisfaction: 2/5 John Hancock insurance is a reputable life insurance provider. However, the company has advantages and drawbacks worth consideration. The table below highlights a few pros and cons of John Hancock...
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John Hancock doubles down on wearable-tech with Vitality partnership John Hancock, one of the oldest U.S life insurers, is to drop its previous business model and pair all existing policies with the tech-driven Vitality platform. Moving forward, John Hancock Vitality will utilise wearable technology to incentivise healthier choices linked to physical activity, nutrition and mindfulness. “For centuries, the insurance model has primarily provided financial protection for families after death, without enhancing the very quality it hinges on: life,” said Marianne Harrison, John Hancock President and Chief Executive Officer. “We fundamentally believe life insurers should care...
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Maintaining your health and fitness throughout life is tough, and the incentives for doing so don't compare to the instant gratification of grabbing a chocolate bar and flopping on a couch to watch an entire boxset. But what if staying healthy saved you money and earned discounts and cheap gadgets? That's what John Hancock is offering with its revamped life insurance policies. The 156-year-old insurance company decided that all life insurance policies it offers going forward will require the policyholder to use a fitness tracker to ensure they are maintining a healthy lifestyle. The traditional life insurance policy is gone, replaced with a policy linked to a wellness solution called...
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John Hancock introduces John Hancock Aspire John Hancock announced John Hancock Aspire with Vitality, “the first of its kind life insurance designed specifically for Americans living with diabetes,” in collaboration with Verily, an Alphabet company, and digital healthcare company Onduo. John Hancock Aspire offers customers living with diabetes life insurance paired with a technology-enabled program that provides coaching, clinical support, education, and rewards to help manage and improve their health. All John Hancock Aspire customers will also have access to an enhanced version of John Hancock Vitality along with the potential to save up to 25% on their premiums....
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