STOCK TITAN

John Hancock Adds New Apple Watch Series 10 to its Vitality Program

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

John Hancock has announced the addition of Apple Watch Series 10 to its Vitality Program for eligible life insurance customers. Vitality PLUS members can earn the new Apple Watch models for as little as $25 plus tax by maintaining regular physical activity. The program includes options for Apple Watch Series 10, Apple Watch SE, or Apple Watch Ultra 2 with an upgrade fee. Analysis shows Apple Watch users are 7 times more engaged in the program, earning significantly more points compared to non-users. Members can reduce monthly payments to $0 through regular activity over two years, while earning points that lead to additional rewards and insurance premium discounts.

John Hancock ha annunciato l'aggiunta dell'Apple Watch Series 10 al suo Programma Vitality per i clienti di assicurazione sulla vita idonei. I membri di Vitality PLUS possono ottenere i nuovi modelli di Apple Watch per soli 25 dollari più tasse, mantenendo un'attività fisica regolare. Il programma include opzioni per Apple Watch Series 10, Apple Watch SE o Apple Watch Ultra 2 con una commissione di upgrade. Le analisi mostrano che gli utenti di Apple Watch sono 7 volte più coinvolti nel programma, guadagnando significativamente più punti rispetto ai non-utenti. I membri possono ridurre i pagamenti mensili a 0 dollari attraverso un'attività regolare per due anni, guadagnando punti che portano a ulteriori premi e sconti sui premi assicurativi.

John Hancock ha anunciado la incorporación del Apple Watch Series 10 a su Programa Vitality para clientes elegibles de seguros de vida. Los miembros de Vitality PLUS pueden obtener los nuevos modelos de Apple Watch por tan solo 25 dólares más impuestos al mantener una actividad física regular. El programa incluye opciones para el Apple Watch Series 10, Apple Watch SE o Apple Watch Ultra 2 con una tarifa de actualización. El análisis muestra que los usuarios de Apple Watch están 7 veces más comprometidos con el programa, ganando significativamente más puntos en comparación con los no usuarios. Los miembros pueden reducir los pagos mensuales a 0 dólares a través de la actividad regular durante dos años, a la vez que ganan puntos que conducen a recompensas adicionales y descuentos en las primas de seguros.

존 핸콕Apple Watch Series 10을 생명보험 고객을 위한 Vitality 프로그램에 추가한다고 발표했습니다. Vitality PLUS 회원은 정기적인 신체 활동을 유지함으로써 새로운 Apple Watch 모델을 세금 포함 25달러에 받을 수 있습니다. 이 프로그램은 Apple Watch Series 10, Apple Watch SE 또는 업그레이드 요금이 있는 Apple Watch Ultra 2의 옵션을 포함합니다. 분석에 따르면 Apple Watch 사용자는 프로그램에 7배 더 참여하여 비사용자보다 훨씬 더 많은 포인트를 획득합니다. 회원은 2년 동안 정기 활동을 통해 월 지불금을 0달러로 줄일 수 있으며, 추가 보상과 보험료 할인을 위한 포인트를 얻을 수 있습니다.

John Hancock a annoncé l'ajout de la Apple Watch Series 10 à son Programme Vitality pour les clients d'assurance vie éligibles. Les membres de Vitality PLUS peuvent obtenir les nouveaux modèles d'Apple Watch pour aussi peu que 25 dollars plus taxes en maintenant une activité physique régulière. Le programme inclut des options pour l'Apple Watch Series 10, l'Apple Watch SE ou l'Apple Watch Ultra 2 avec des frais de mise à niveau. Les analyses montrent que les utilisateurs d'Apple Watch sont 7 fois plus engagés dans le programme, gagnant de manière significative plus de points par rapport aux non-utilisateurs. Les membres peuvent réduire leurs paiements mensuels à 0 dollars grâce à une activité régulière pendant deux ans, tout en gagnant des points qui donnent droit à des récompenses supplémentaires et à des réductions sur les primes d'assurance.

John Hancock hat die Hinzufügung der Apple Watch Series 10 zu seinem Vitality-Programm für anspruchsberechtigte Lebensversicherungskunden bekannt gegeben. Vitality PLUS Mitglieder können die neuen Apple Watch Modelle für nur 25 Dollar zuzüglich Steuern erhalten, indem sie regelmäßig körperlich aktiv bleiben. Das Programm bietet Optionen für die Apple Watch Series 10, die Apple Watch SE oder die Apple Watch Ultra 2 gegen eine Upgrade-Gebühr. Analysen zeigen, dass Apple Watch-Nutzer im Programm 7-mal engagierter sind und deutlich mehr Punkte im Vergleich zu Nicht-Nutzern sammeln. Mitglieder können ihre monatlichen Zahlungen über zwei Jahre durch regelmäßige Aktivitäten auf 0 Dollar reduzieren und dabei Punkte sammeln, die zu zusätzlichen Belohnungen und Rabatten auf die Versicherungsprämien führen.

Positive
  • High program engagement: Apple Watch users earn 7x more points than non-users
  • Potential reduction of monthly payments to $0 through activity participation
  • Program offers insurance premium savings opportunities
Negative
  • None.

Insights

The integration of Apple Watch Series 10 into John Hancock's Vitality Program represents a strategic enhancement of their behavioral insurance model. The 7x higher engagement rate among Apple Watch users demonstrates significant program effectiveness. This initiative strengthens MFC's competitive position in the insurtech space by combining wearable technology with insurance incentives.

The program's structure, requiring minimal upfront cost ($25) with activity-based payment reductions, creates a compelling value proposition for customers while potentially reducing claim risks through improved health monitoring. The expansion to include premium devices like Apple Watch Ultra 2 could drive higher-value customer acquisition and retention.

BOSTON, Nov. 21, 2024 /PRNewswire/ - Today, John Hancock announced it is now offering the latest Apple Watch models to eligible life insurance customers participating in the John Hancock Vitality Program, which rewards customers for the everyday things they do to live longer, healthier, better lives. Beginning this November, John Hancock Vitality PLUS members can earn Apple Watch Series 10, or Apple Watch SE, for as little as $25, plus tax, by staying active. They can also choose an Apple Watch Ultra 2 for an additional upgrade fee.

Apple Watch models offer a variety of advanced health and fitness features including activity metrics, sleep tracking and insights into overnight health metrics, heart health notifications, safety offerings like Emergency SOS and Fall Detection, and more. Apple Watch Series 10 is the thinnest Apple Watch yet, featuring the biggest, most advanced display of any Apple Watch, new sleep apnea notifications; faster charging; plus new health and fitness insights in watchOS 11 with the Vitals app and training load.

"We're always excited to add the latest in technology, like Apple Watch Series 10, to the array of cutting-edge health tools we offer our Vitality members to help them take control of their health and wellness," said Lindsay Hanson, Chief Marketing Officer and Global Head of Behavioral Insurance Strategy and Delivery, John Hancock. "Apple Watch Series 10 delivers actionable health and fitness insights that are an important component of the John Hancock Vitality Program which combines education, resources, screening tests, and more so that our customers can create personalized approaches that help increase not just their lifespan, but also their healthspan."

To date, Apple Watch has been an extremely popular and effective aspect of the John Hancock Vitality Program. A recent analysis of John Hancock Vitality members showed that Apple Watch users are more engaged in the program, earning roughly 7x more points in their current program year compared to non-Apple Watch users.1

Vitality PLUS customers who take part in the Apple Watch program make an initial payment of $25, plus tax, and pay the remaining balance monthly over the course of two years. Monthly payments can be reduced to as little as $0 with regular activity. The Vitality Points earned toward Apple Watch can also lead to additional rewards and discounts, including savings on life insurance premiums.

Learn more about John Hancock Vitality and how customers can earn Apple Watch through the program here.

____________________________

1 2023 data collected includes Vitality PLUS members who have linked an Apple Watch to the Vitality Program.

About John Hancock

John Hancock is a unit of Manulife Financial Corporation, a leading international financial services provider that helps people make their decisions easier and lives better by providing financial advice, insurance, and wealth and asset management solutions. 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 ten million Americans with a broad range of financial products, including life insurance and annuities. John Hancock also supports US investors by bringing leading investment capabilities  and retirement planning and administration expertise to individuals and institutions. Additional information about John Hancock may be found at johnhancock.com.

About Vitality

Vitality Global is a leading health and wellbeing company offering smart InsurTech with the goal to build a healthier world. Vitality Global is responsible for Discovery's expansion of Shared-value Insurance beyond South Africa and the United Kingdom. Through partnerships with forward-thinking insurers and employers, Vitality Global unlocks shared-value insurance – impacting 42+ million people across 41+ markets. 

Vitality Global offers personalised health and wellness solutions to both individuals and organisations to inspire healthy change. Guided by a core purpose to make people healthier, Vitality Global achieves this through the Vitality programme – a behavioural-change platform that educates, encourages and enables heathier decision making. The effect is positive for all stakeholders – members benefit from better health, financial rewards and additional incentives; employers' benefit from healthier, more productive, and more engaged employees; and Vitality benefits from a healthier membership base. For more information, visit vitalityglobal.com.

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 available only to the person insured under the eligible life insurance policy, may vary based on the type of insurance policy purchased and the state where the policy was issued, are subject to change and are not guaranteed to remain the same for the life of the policy. To be eligible to earn rewards and discounts by participating in the Vitality program, the insured must register for Vitality and in most instances also complete the Vitality Healthy Review (VHR).

Apple Watch program is not available in New York or Puerto Rico. Apple Watches 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 or heart rate 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, and certain bands and case materials or Apple Watch Ultra. For more information, please visit JohnHancock.com. Apple is not a participant in or sponsor of this promotion. Apple Watch is a registered trademark of Apple Inc. All rights reserved.

Apple Watch Ultra 2, Apple Watch Series 10, and Apple Watch SE require an iPhone Xs or later with iOS 18 or later.

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.

Cision View original content:https://www.prnewswire.com/news-releases/john-hancock-adds-new-apple-watch-series-10-to-its-vitality-program-302311913.html

SOURCE John Hancock

FAQ

How much does Apple Watch Series 10 cost through John Hancock Vitality Program?

Through the John Hancock Vitality Program, members can get Apple Watch Series 10 for an initial payment of $25 plus tax, with remaining balance paid monthly over two years. Monthly payments can be reduced to $0 with regular activity.

What rewards do John Hancock Vitality members get with Apple Watch participation?

Members can earn points through Apple Watch activity that lead to rewards including discounts on life insurance premiums and potential reduction of monthly Apple Watch payments to $0.

How much more engaged are Apple Watch users in John Hancock's Vitality Program?

According to 2023 data, Apple Watch users earn approximately 7 times more points in their current program year compared to non-Apple Watch users.

Manulife Financial Corp.

NYSE:MFC

MFC Rankings

MFC Latest News

MFC Stock Data

57.31B
1.75B
0.03%
58.81%
0.92%
Insurance - Life
Financial Services
Link
United States of America
Toronto