BOSTON, Oct. 23, 2017 /PRNewswire/
-- John Hancock
announced today it is expanding its Apple Watch program to all new
and existing John Hancock Vitality life insurance policyholders.
The program gives customers the opportunity to earn the Apple Watch
Series 3 for an initial fee of $25
through regular exercise. Now, in addition to permanent life
insurance buyers, the 4 million Americans who buy lower-cost term
life insurance every year will have the opportunity to protect
their financial future for less than $15/month1, while earning an Apple
Watch Series 3.
"John Hancock is the first and
only U.S. life insurance company to offer life insurance buyers the
opportunity to earn an Apple Watch through regular exercise. We are
proud to be the driving force of innovation in life insurance by
integrating a technology-based wellness program (powered by
Vitality) with life insurance, to motivate consumers to protect
their financial future and live a healthy life," said Brooks Tingle, senior vice president, marketing
and strategy, John Hancock Insurance. "The addition of the Apple
Watch program to our John Hancock Vitality solution over the past
year has already resulted in an increase in participating
customers' activities and engagement as compared to others in our
program. We're excited to expand the offer of the Apple Watch
Series 3 to all of our John Hancock Vitality customers."
Through the first-of-its-kind John Hancock Vitality program,
launched in 2015, customers can earn rewards and premium savings of
up to 15 percent for the things they do to stay healthy, like
exercising, walking and eating right. Rewards include $600 in annual savings2 on healthy
food purchases as well as gift cards and discounts on
entertainment, travel and wellness-related purchases. In 2016, the
company introduced customers to the opportunity to select an Apple
Watch (for an initial $25
fee)3 to record their activities and earn points that
reduce or eliminate their monthly payments for their watch over a
two-year period.
Since then, John Hancock Vitality members have embraced the
Apple Watch:4
- using it 6 out of 7 days a week
- increasing their step count by an average of 2,000 steps per
day after enrolling in the program
- showing a 20 percent increase in weekly physical activities
after getting their Apple Watch
- about half of them are paying $0
each month (i.e. fully funding their watch) by achieving their
monthly activity goals
"Customers of all kinds are signing up for the Apple Watch
program, from those less healthy to those who are extremely fit,"
added Tingle. "Apple Watch appears to inspire increases in physical
activity across all our customers, with the highest increases among
those least healthy when they begin."
"Whether they prefer walking, biking, swimming or any other kind
of exercise, John Hancock Vitality participants are reaping rewards
that benefit both their health and their wallets," said Tal
Gilbert, CEO Vitality Group USA.
"We're encouraged to see how John Hancock Vitality customers are
making health and fitness a priority, living life to its fullest
and taking advantage of the program to improve the quality of their
lives. We know that active people are likely to live longer—
it's great to be able to help them do just that."
The Apple Watch program will be available on all John Hancock
Vitality life insurance products beginning next month. Prospective
participants can get more information about the program directly at
JHRewardsLife.com or by connecting with a financial advisor.
Today, the Canadian Division of Manulife, John Hancock's parent company, also announced
its launch of the new Manulife Vitality Active Rewards with Apple
Watch program. The program motivates members to get more active by
offering them the opportunity to earn a new Apple Watch when they
meet physical activity targets through their insurance contract.
Manulife introduced the Vitality program to Canadians in 2016 and
this is their latest enhancement.
About Vitality
Vitality changes the economics of
healthcare by integrating expertise in wellness, insurance, and
technology to change behaviors to improve health. By driving
engagement in healthier lifestyles, Vitality provides benefits from
day one to members, employers, and society. Vitality brings a
global perspective through successful partnerships with employers
of all sizes and best-in-class insurers around the world, in
countries including the United
States, United Kingdom,
Germany, France, South
Africa, China, Singapore, Australia, Hong
Kong, Thailand,
Malaysia, the Philippines and Japan. Drawing on behavioral economics,
Vitality supports, guides and incentivizes individuals to improve
their health, and then prices their risk dynamically over time
based on their engagement in the Vitality program. This shared
value insurance model results in material benefits shared between
the employer (lower health claims), insurer (more profits), members
(greater health and financial rewards) and society (a healthier,
more productive workforce).
Vitality Group is a member of Discovery Ltd., a global financial
service organization and pioneer of the Shared-value Insurance
model. The Vitality program currently serves more than 7 million
members in 14 countries around the world with plans to launch in an
additional 10 markets over the next two years. For more information
about Vitality Group, please visit www.thevitalitygroup.com and
follow on Twitter: @VitalityUSA.
About John Hancock Financial and Manulife
John Hancock is a division of
Manulife Financial Corporation, a leading international financial
services group that helps people achieve their dreams and
aspirations by putting customers' needs first and providing the
right advice and solutions. We operate primarily as John Hancock in the
United States, and Manulife elsewhere. We provide financial
advice, insurance and wealth and asset management solutions for
individuals, groups and institutions. Assets under management and
administration by Manulife and its subsidiaries were over
$1 trillion (US$780 billion) as of June
30, 2017. Manulife Financial Corporation trades as MFC on
the TSX, NYSE, and PSE, and under 945 on the SEHK. Manulife can be
found at manulife.com.
One of the largest life insurers in the United States, John Hancock supports approximately 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans, college savings
plans, and certain forms of business insurance. We also offer
advice through Signator, a network of independent financial
advisors. Additional information about John
Hancock may be found at johnhancock.com.
1. Varies based on age, amount of coverage, underwriting status
and term period selected.
2. HealthyFood savings are based on qualifying purchases and may
vary based on the terms of the John Hancock Vitality program.
3. Apple Watch Series 3 can be ordered for an initial payment of
$25 plus tax and over the next two
years, monthly payments are based on the number of workouts
completed. The Retail Installment Agreement with the Vitality Group
will need to be signed electronically at checkout. Upgrade fees
apply if you choose Apple Watch Series 3 (GPS + Cellular), certain
bands and case materials. Apple Watch Series 3 (GPS) requires an
iPhone 5s or later with iOS 11 or later. Apple Watch Series 3 (GPS
+ Cellular) requires an iPhone 6 or later with iOS 11 or later.
Apple Watch Series 3 (GPS + Cellular) and iPhone service
provider must be the same. Cellular is not available with all
service providers. Roaming is not available outside your carrier
network coverage area. Wireless service plan required for cellular
service. Contact your service provider for more details. Check
www.apple.com/watch/cellular for participating wireless carriers
and eligibility.
Apple is not a participant in or sponsor of this promotion.
Apple Watch is a registered trademark of Apple Inc. All rights
reserved.
Please note: Apple Watch program is not available in
New York. Apple Watch Series 3 is
only available to John Hancock Vitality members who have not
previously ordered an Apple Watch through the program.
4. Based on John Hancock Vitality member experience since
November 2016.
Insurance policies and/or associated riders and features may not
be available in all states.
Premium savings are in comparison to the same John Hancock policy without the Vitality
program. Annual premium savings will vary based upon policy type,
the terms of the policy, and the level of the insured's
participation in the John Hancock Vitality program.
Vitality is the provider of the John Hancock Vitality Program in
connection with policies issued by John
Hancock.
John Hancock Vitality Program rewards and discounts are only
available to the person insured under the eligible life insurance
policy.
Rewards and discounts are subject to change and are not
guaranteed to remain the same for the life of the policy.
Insurance products are issued by John Hancock Life Insurance
Company (U.S.A.), Boston, MA 02210 (not licensed in New York) and John Hancock Life Insurance
Company of New York, Valhalla, NY 10595. MLINY101317072
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SOURCE John Hancock Insurance