The Boston-based insurer announced Thursday that it would immediately begin moving life insurance policies to a "behavior change platform that rewards customers for the everyday steps they take to live longer, healthier lives." Policyholders will be asked to sign up online for fitness and nutritional advice, or may get premium discounts for using devices such as Fitbit or Apple Watch to monitor daily activities. "For centuries, the insurance model has primarily provided financial protection for families after death, without enhancing the very quality it hinges on: life," said Marianne Harrison, John Hancock president and chief executive. "We fundamentally believe life insurers should care about how long and well their customers live. With this decision, we are proud to become the only US life insurance company to fully embrace behavioral-based wellness and leave the old way of doing business behind." One of the largest US life insurers, John Hancock said the new offering is aimed … [Read more...] about Big life insurer shifts to activity tracking in health push
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Strap on the Fitbit: John Hancock to sell only interactive life insurance
Business John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday. 19 Sep 2018 10:15PM Bookmark REUTERS: John Hancock, one of the oldest and largest North American life insurers, will stop underwriting traditional life insurance and instead sell only interactive policies that track fitness and health data through wearable devices and smartphones, the company said on Wednesday.The move by the 156-year-old insurer, owned by Canada's Manulife Financial Corp , marks a major shift for the company, which unveiled its first interactive life insurance policy in 2015. It is now applying the model across all of its life coverage.Interactive life insurance, pioneered by John Hancock's partner the Vitality Group, is already well-established in South Africa and Britain and … [Read more...] about Strap on the Fitbit: John Hancock to sell only interactive life insurance
News Pros and Cons of a Variable Universal Life Insurance
An insurance agent, who happens to be your friend or relative, is selling a VUL plan to you. But you aren’t sure if getting this type of life insurance is a wise investment decision. A VUL insurance policy comes with pros and cons that you need to consider before putting your money in it. Know what a VUL insurance is, plus its benefits and risks, to understand if this is the right investment for you. See them below. For more finance tips, visit MoneyMax.ph. … [Read more...] about News Pros and Cons of a Variable Universal Life Insurance
Krungsri launches life insurance
Customers will get life coverage of 150 per cent of a single premium paid and an opportunity to gain higher investment returns by investing in mutual funds with an automatic fund re-balancing programme to maintain any desired investment targets free of charge. Tan Hak Leh, chief executive officer of AIA Thailand, said: “AIA has been committed to supporting Thais for life protection and financial stability by offering life insurance products together with long-term financial planning through bancassurance where a wider group of target customers can be reached. "AIA Thailand and Krungsri have been long-standing partners. The bank’s research found that the majority of customers want to not only ensure life protection, but also maximise their investment returns for the future. Therefore, we have jointly developed the Krungsri Unit Linked insurance solution to serve their needs of life protection and leading funds that provide them with an opportunity to get higher … [Read more...] about Krungsri launches life insurance
Ex-lovers get life sentences for murdering ‘gentle and decent man’
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By Betsy Powell Court Reporter Thu., June 7, 2018 Along with sentencing two ex-lovers to life in prison for a seven-year-old murder Thursday, a Toronto judge has blasted the pair — and their previous lawyer — for using tactics to avoid going to trial. On Sunday, after hearing six months of evidence, a jury convicted Michael Ivezic, 57, and Demitry Papasotiriou-Lanteigne, 38, of first-degree murder for the March 2, 2011, killing of Allan Lanteigne, who was the latter’s spouse. They returned to court Thursday, where Superior Court Justice Robert Goldstein sentenced them to automatic life sentences with no parole eligibility for 25 years. Papasotiriou-Lanteigne, who was in Greece at the time of the murder, sent his husband an email luring the 49-year-old University of Toronto accounting clerk to his Ossington Ave. home, where Ivezic was waiting to bludgeon him to death with an unknown weapon. The pair were after a $2-million life insurance … [Read more...] about Ex-lovers get life sentences for murdering ‘gentle and decent man’