John Hancock launches Industry-first Survivorship Life Insurance with the John Hancock Vitality Solution
This new kind of insurance complements the single person offering, Protection IUL with Vitality, and is designed to meet the needs of clients looking for low-cost survivorship protection and a dynamic solution to meet their estate and legacy planning needs. With the addition of the John Hancock Vitality Program, policyholders have the opportunity to save on their annual premiums and earn valuable rewards simply by engaging in those everyday activities that help them stay healthy, like walking, exercising, and buying healthy food.
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Protection SIUL with Vitality offers life insurance coverage with an opportunity to increase cash values by linking to the performance of the S&P 500. This design provides the potential for strong cash value accumulation, and even in down markets, the credited rate will never be less than zero.
John Hancock's Protection SIUL with Vitality offers some of the lowest life insurance premiums in the industry, and gives policyholders the opportunity to earn additional savings -- while supporting their pursuit of a longer, healthier life.
For example, healthy couples in their 50's buying a
With Protection SIUL with Vitality, each person has the opportunity to earn "Vitality Points" just by walking, exercising, getting an annual health screening, and even purchasing healthy foods. The number of Vitality Points earned over the course of a year determines his/her program status level. The healthier the lifestyle, the more points policyholders can accumulate to earn valuable travel, shopping and entertainment-related rewards and discounts from leading retailers.
As part of the program, policyholders receive personalized health goals, and their activities are easily logged using online and automated tools, which are integrated with personal health technology. Even when two people are covered, such as on our survivorship product, John Hancock provides both with a free Fitbit® device as an easy way to get started.
Protection SIUL with Vitality is currently available in 49 states and John Hancock will continue to roll it out across the country as it is approved. The company also offers the John Hancock Vitality solution on its universal, term and variable universal life products.
To learn more about John Hancock life insurance with Vitality, visit www.JHRewardsLife.com.
About
The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in
About Vitality
Vitality brings a global perspective through successful partnerships with large employers and best-in- class insurers around the world, in countries including
Insurance products are issued by: John Hancock Life Insurance Company (
Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock.
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.
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.
The S&P 500® Index is an index of 500 stocks that are generally representative of the performance of leading companies in leading industries within the U.S. Protection SIUL does not directly participate in the S&P 500® Index. Protection SIUL is not sponsored, sold, endorsed or promoted by Standard & Poor's.
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