BOSTON, Oct. 25, 2016 /PRNewswire/ -- John Hancock announced today that its Vitality program, an approach to life insurance that rewards people for healthy living, is now available on a number of its life insurance products in New York state, including universal life, indexed universal life and variable life.
Now, New York policyholders have the potential to save thousands of dollars a year through the John Hancock Vitality program, simply through the everyday things they do to stay active and live healthier lives. They can save up to 15 percent on their life insurance premiums as well as earn valuable rewards and discounts, such as $600 per year in savings on healthy food purchases at participating grocery stores, and gift certificates for retailers such as Under Armor, Adidas, Goplay Golf and Spa Week. The program also offers policyholders personalized health goals, expert nutrition information, wellness tips and additional resources for healthy living, including a free Fitbit® device.
"We are very excited to be able to offer our John Hancock Vitality life insurance solutions to customers in New York, whether they want insurance to protect their families, to save money to help with retirement or college, or for estate planning," said Michael Doughty, president, John Hancock Insurance. "With the Vitality program, we've reimagined life insurance so it's relevant, rewarding and engaging for our policyholders as we support their pursuit of a longer, healthier life. We also appreciate all the efforts by the New York Department of Financial Services in making this offering a reality."
When they purchase a John Hancock Vitality life insurance policy, policyholders immediately begin accumulating "Vitality Points" through their everyday healthy activities, such as walking or exercising, buying healthy food and getting regular check-ups. The number of Vitality Points policyholders earn over the course of a year determines their program status level. The healthier their lifestyle, the more points they can accumulate and the more significant the savings will be on their premiums, and the greater the rewards.
To learn more about John Hancock Vitality products, visit www.JHRewardsLife.com.
About John Hancock Financial and Manulife
John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management and administration by Manulife and its subsidiaries were $934 billion (US $718 billion) as at June 30, 2016. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.
The Vitality Group is a member of Discovery Ltd., a global financial service organization offering an incentive-based wellness program to employers as part of their benefits program. With a foundation based on actuarial science and behavioral economic theory, Vitality encourages changes in lifestyle that reduce health care costs, both in the short run and long term, by rewarding members for addressing their specific health issues. Vitality wellness programs serve companies in a wide range of sizes and industries, improving individuals' health and wellbeing as well as employers' bottom lines.
Vitality brings a global perspective through successful partnerships with large employers and best-in- class insurers around the world, in countries including the United States, Canada, the United Kingdom, South Africa, China and more recently Singapore, Australia, the Philippines, Thailand and Malaysia. Additional information can be found at www.thevitalitygroup.com.
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.
Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock.
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 Rewards and discounts may vary based on the type of insurance policy purchased and 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.
HealthyFood savings are based on qualifying purchases and may vary based on the terms of the John Hancock Vitality program.
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SOURCE John Hancock Financial