Tag: John Hancock

Fitness incentives now included in all John Hancock life insurance policies

Marc
John Hancock life insurance - FitBit

The insurer is eliminating the sale of its traditional policies in favor of more interactive options. John Hancock life insurance policyholders will now receive discounts on their premiums for tracking fitness on wearable devices and regularly hitting their exercise targets. Fitbit, Apple Watch and other device wearers may pay less for their insurance policies. John Hancock life insurance is among the oldest North American insurers in that market. That said, as much as its company is steeped in tradition, it plans to cease the sale of those traditional policies. Instead,…

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John Hancock Insurance to provide Apple Watch subsidies

Nordstrom
Apple Watch John Hancock insurance

Despite criticism some wearables have been receiving in terms of accuracy, this insurer has embraced them. John Hancock Insurance has now joined a number of other insurers that have embraced the use of wearable technology. Even though the devices have yet to be proven accurate or necessarily beneficial when it comes to helping people with health issues over the long term, insurers are taking interest. In this case, the Canada-based insurance company is offering subsidies for the latest Apple Watch. In this light, John Hancock Insurance has said it will…

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John Hancock long term care insurance is shutting down

Logan B.

The insurer recently announced its intentions to step out of that market and will cease selling next month. As of December 2016, John Hancock long term care insurance policies will no longer be sold by the insurer. This announcement arrived as the company announced that it would be exiting that coverage market. The insurance company is owned by one of the largest long term care policy providers in the United States. John Hancock long term care insurance is owned by Canadian firm Manulife Financial Corp. That company is among the…

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What do insurance premiums, the Apple Watch, and the best battery bank have in common?

Julie Campbell
apple watch mhealth - best battery bank

Smartwatches and other wearables are starting to be considered to be tools for the life insurance industry. Recently, there were two very important announcements in the technology and insurance industries that have suggested that for people who want to keep their premiums down, the best battery bank they can find will soon become a very dear friend. One of the announcements was the official launch of the Apple Watch for sale in the second half of last month. In mid-April, Live Insurance News also reported on an announcement made by…

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Life insurance could become more affordable with a fitness tracker

Julie Campbell
fitbit fitness tracker health care life insurance technology

For the first time in the U.S., an insurer is using the same idea as pay as you drive coverage, but for a person’s health. A life insurance company in the United States is now offering a service that represents a first for the country, in which wearing a tracker that will reveal an individual’s health, location, and body information to reveal healthy lifestyle habits and reduced risk opportunities that could bring about a discount for premiums. While some are seeing this as an interesting opportunities, others are calling this…

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John Hancock Financial raises rates on long-term care, sees backlash from consumers

S.Vagus

John Hancock Financial, one of Colorado’s largest insurance companies, recently raised rates for long-term care coverage significantly. Some consumers saw increases as high as 90%, while other saw increases of half that number. The rate hikes have sparked the ire of consumers who say that these new rates are excessive. The state’s Department of Insurance is not being inundated with complaints concerning the matter, though regulators claim that the rates are somewhat justified. Long-term care insurance provides coverage for those that must take advantage of nursing homes or various types…

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John Hancock announces re-entry into individual long-term care insurance in California

John Hancock has announced that it will be resuming its place as a part of the California individual long-term care insurance marketplace, starting on February 27, 2012, through both its Custom Care III (non-Partnership) and its new California Partnership policy. These two policies will provide comprehensive long-term care coverage for all circumstances, such as assisted living facilities, nursing homes, adult day-care centers, and at home, and will also provide the policyholder with care planning and care giving support. The president of John Hancock long-term care insurance, Marianne Harrison, expressed the…

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