John Hancock Expands Apple Watch Program, Offers New Apple Watch Series 7 to Life Insurance Customers

As Baseline Health Amid the Pandemic is Top of Mind, John Hancock Vitality Helps Customers Live Longer, Healthier Lives

BOSTON, Nov. 15, 2021 /PRNewswire/ - Today, John Hancock is expanding its Apple Watch program to offer the recently announced Apple Watch Series 7 to 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 7 for as little as $25 plus tax by exercising regularly.

"Now more than ever, people are increasingly cognizant of their baseline health and mortality," said Brooks Tingle, president and CEO of John Hancock Insurance. "Wearables have the ability to help customers maintain or improve their health, and in some cases, we've even seen that this technology has the ability to save lives. That's why we're excited to continue offering our Vitality customers the latest personal health technology on the market with the new Apple Watch this fall."

The Apple Watch Series 7 has the largest display screen and durability in Apple history and can now measure blood oxygen levels with a revolutionary sensor and app. Users can also take an ECG anytime, check their heart rate as well as other health monitoring innovations like mindfulness and sleep tracking to help with full body wellness.

To date, the Apple Watch has been an extremely popular and effective component of the John Hancock Vitality Program. In a recent survey of John Hancock Vitality members with an Apple Watch, 85 percent stated they are motivated to exercise by their Apple Watch and 92 percent wear an Apple Watch every day, or almost every day.¹ Additionally, John Hancock Vitality members with an Apple Watch are:

• 18% more likely to complete advanced workouts than other device users within the program²
• At least 7% more likely to earn Vitality Points for meditation than other device users²
• More likely to achieve Platinum Status than any other device user, earning more rewards and premium savings²

"We've seen the tremendous impact our Vitality program can have on an individual's health, whether they are far along on their wellness journey or just getting started," continued Tingle. "We believe it's important for life insurers like us to play a role in helping our customers along on this journey to living longer, healthier lives."

Today's announcement follows new research by Vitality and RAND Europe that found an average 15% increase since 1990 in the number of years people will spend in ill health over their lifetimes, from 8.5 years to 9.8 years, which equates to approximately 18% of the average lifespan. The research shows even modest behavior change can materially reduce health risk over time and improve an individual's healthspan. For example, an average 30-year-old man could increase his healthspan by 1.5 years just by introducing 20 minutes of vigorous exercise a day.³ John Hancock Vitality provides members with the resources, tools, education and technology – coupled with incentives and rewards – that can help an individual see improvements in their overall health and healthspan.

Vitality PLUS 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. The more a customer exercises each month, the more they can reduce their monthly payment. The Vitality Points earned toward an 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 an Apple Watch through the program here.

About John Hancock and Manulife
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. Assets under management and administration by Manulife and its subsidiaries were CAD $1.4 trillion (US $1.1 trillion) as of September 30, 2021. 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 Group
Guided by a core purpose of making people healthier, Vitality is the leader in improving health to unlock outcomes that matter. By blending industry-leading smart tech, data, incentives and behavioral science, we inspire healthy changes in individuals and their organizations. As one of the largest wellness companies in the world, Vitality brings a dynamic and diverse perspective through successful partnerships with the most forward-thinking insurers and employers. More than 20 million people in 31 markets engage in the Vitality program. For more information, visit vitalitygroup.com or follow us on Twitter and LinkedIn.

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SOURCE John Hancock Insurance