Also, this is the company that when I was a kid in the 60's, one could write them to get a free pocket Constitution.
Posted on 09/20/2018 12:34:06 PM PDT by Oldeconomybuyer
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 is becoming more widespread in the United States.
Policyholders score premium discounts for hitting exercise targets tracked on wearable devices such as a Fitbit or Apple Watch and get gift cards for retail stores and other perks by logging their workouts and healthy food purchases in an app.
In theory, everybody wins, as policyholders are incentivized to adopt healthy habits and insurance companies collect more premiums and pay less in claims if customers live longer.
(Excerpt) Read more at nbcnews.com ...
Oh Lordy - they cover our long term care insurance - guess we better get in line.....
Corporate puts public on short leash? Is that the headline here?
Will our diet be soylent green?
So close.
That’s what I was thinking.
Why don’t they just stamp 666 on their forehead and make a deal with the devil.
Everybody wins?
Model 666
Omg, I have got to get me some life insurance! I’m wasting a healthy lifestyle not saving $!
There will be ‘goals’ for financial solvency of these companies, costs to the consumers, and the percentages of total costs that management salaries, bonuses, benefits, and vacation time represent as a function of revenues. It will be a ‘fit bit’ for executives, and if they fail to reach specific milestones - determined specifically and exclusively by policy holders, they will receive commensurately less compensation and will accumulate demerits. After a certain number of demerits they can be dismissed without further cause - with no severance over and above what the average of all non-management employees are given as severance packages.
Policy revocation if the GPS detects you inside a McDonalds?
Mark of The Beast
Headline should be Bankrupt Former Health Insurer Requires....
I’d like to track the politicians in Sacramento like this! If they want our votes, they need to spend 40% or less time drunk or having sex with lobbyists! I think that is fair, but they’d never agree to such a whopping cutback.
Exactly, the article itself has a correction - Users can opt in.
There are many insurers now in the US that have opt-ins like this. I invented one !
Walter Cronkite would’ve proudly handed you over to the Devil for his one world government wet dream.
Also, this is the company that when I was a kid in the 60's, one could write them to get a free pocket Constitution.
Policies in place...
CHECK!
I would put one of these on my dog.
Gets a balanced meal, gets lots of exercise, sleeps well and doesn’t go into “banned” establishments.
woof
Nope, not for me.
I know just what you mean. All the chip implants under skin, shadow banning, Google censorship, ID theft, tracking of beliefs,Samsung watching through Smart TV front camera,etc is trending downward fast.
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