TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, Oct. 29, 2020 /PRNewswire/ - 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 — something that is top of mind for many
right now," said Brooks Tingle,
president and CEO of John Hancock Insurance. "Consumers are more
mindful of their mortality and we've seen an increase in the demand
for life insurance. In addition, people are more aware of their
baseline health. That's why we believe we have the right
solutions for this time in history — life insurance that
provides essential protection in the event of death, combined with
the latest in personal health technology, including Apple Watch, to
help our customers live longer, healthier lives."
To date, the Apple Watch has been an extremely popular and
effective component of the John Hancock Vitality Program, with 85
percent of all Apple Watch program members reporting their Apple
Watch motivates them to
exercise.1 In a study of 400,000 people
in the US, UK and South Africa,
RAND Europe concluded that those
who wore an Apple Watch and participated in the Vitality Active
Rewards benefit program averaged a 34 percent sustained increase in
physical activity compared to participants without an Apple Watch.
That's the equivalent of 4.8 extra days of activity per
month.2
Beyond encouraging physical activity, the latest Apple Watches
will provide John Hancock Vitality customers with additional
insights into their health and wellness. The Apple Watch Series 6
features a new Blood Oxygen app, ECG app and Always-On Retina
display. Both Apple Watch Series 6 and Apple Watch SE feature high
and low heart rate notifications, irregular heart rhythm
notifications, and handwashing detection to promote good hand
hygiene.
Vitality customers who take part in the Apple Watch program make
an initial payment of $25 plus tax.
The remaining balance of their Apple Watch is divided into monthly
payments over the course of two years. Monthly payments can be
reduced to as little as $0 with
regular exercise.
Learn more about John Hancock Vitality and how customers can
earn an Apple Watch through the program here.
______________
|
1 Survey of all John Hancock
Vitality Apple Watch members via Qualtrics, August 2020.
|
2 RAND Europe, Incentives and
physical activity, 2018.
|
About John Hancock and
Manulife
John Hancock is a
unit of Manulife Financial Corporation, a leading international
financial services group that helps people make their decisions
easier and lives better. We operate primarily as John Hancock in the
United States, and Manulife globally, including Canada, Asia
and Europe. 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 CAD$1.2 trillion (US$0.9
trillion) as of June 30, 2020.
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 more than 10 million
Americans with a broad range of financial products, including life
insurance, annuities, investments, 401(k) plans, and education
savings plans. Additional information about John Hancock may be found at
johnhancock.com.
About Vitality Group
Guided by a core purpose
of making people healthier, Vitality is the leader in improving
health to unlock outcomes that matter. By blending smart tech,
data, incentives, and behavioral science, we inspire healthy
changes in individuals and organizations. Vitality brings a global
perspective through successful partnerships with the most
forward-thinking insurers and companies around the world. More than
20 million people in 24 markets engage in the Vitality program. For
more information, visit https://vitality.international/.
* Apple Watch program is not available in New York or Puerto
Rico. Apple Watch ordered through John Hancock Vitality may
not be shipped to addresses in Guam. Once you become a Vitality PLUS member
and complete the Vitality Health Review (VHR), you can order Apple
Watch by electronically signing, at checkout, a Retail Installment
Agreement with the Vitality Group, for the retail price of the
watch. After an initial payment of $25 plus tax, over the next two years, monthly
out of pocket payments are based on the number of Standard Workouts
(10,000 to 14,999 steps) and Advanced Workouts (15,000 steps) or
the applicable Active Calorie thresholds. The step counts required
for Standard and Advanced Workouts are reduced for members
beginning at age 71+. One-time upgrade fees plus taxes apply if you
choose (GPS + Cellular) versions of Apple Watch, larger watch case
sizes, certain bands and case materials. For more
information, please visit www.JohnHancockInsurance.com. Apple Watch
Series 6 requires iPhone 6s or later with iOS 14 or later. Blood
Oxygen app measurements are not intended for medical use, including
self-diagnosis or consultation with a doctor, and are only designed
for general fitness and wellness purposes. The ECG app and
irregular rhythm notification require the latest versions of
watchOS and iOS, and are not intended for use by people under 22
years old. The ECG app is available on Apple Watch Series 4 or
later (not including Apple Watch SE). The irregular rhythm
notification is not designed for people who have been previously
diagnosed with atrial fibrillation (AF). Apple is not a participant
in or sponsor of this promotion. Apple Watch is a registered
trademark of Apple Inc. All rights reserved.
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, are subject to change and are not guaranteed to
remain the same for the life of the policy.
Insurance policies and/or associated riders and features may not
be available in all states.
Insurance products are issued by: John Hancock Life Insurance
Company (U.S.A.), Boston, MA 02116 (not licensed in New York) and John Hancock Life Insurance
Company of New York, Valhalla, NY 10595.
MLINY102020041-1
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SOURCE John Hancock