Frequently asked questions
What is Simple Term with Vitality?
• Simple Term with Vitality 1 is the only life insurance product that combines instant- decision 2 life insurance, a Return of Premium rider 3 offering cash back and Vitality rewards for healthy living. • Simple Term with Vitality offers exceptional value with a focus on providing a consumer-friendly experience This product is an ideal solution for consumers between ages 20 to 60 looking for up to $500K of cost-effective life insurance protection and who aspire to live healthier — or want to be rewarded for their healthy lifestyle. At John Hancock, we believe life insurance should help people live longer, healthier lives. That’s why we introduced John Hancock Vitality, a new kind of life insurance that rewards people for healthy living. Since our launch in 2015, John Hancock Vitality policyholders: • Took an average of 9,323 steps per day, 14 compared to 5,000 steps for the average American 15 • Completed over 412,000 total reward transactions, valued at over $2.8 million in rewards 14 The ROP rider is an optional feature that provides your clients cash back of up to 75% of premiums paid during the level-term period (available for 25- and 30-year durations). In fact, even if your clients exit their policy before the end of the level-term period (but after year four), the rider allows them to receive a cash-back benefit. Producers complete the application with each customer through the JHSimpleTerm.com website, which provides a premium-quoting tool and all relevant information. The entire process is digital and can be completed in minutes. Your clients receive an instant decision after the application is submitted: • You submit an electronic application consisting of pre-qualifying questions that take approximately 5-10 minutes to complete • Once you submit the application at JHSimpleTerm.com, the policy will be either approved or declined in a matter of seconds • If approved, the policy is delivered to the customer via email
Who is the ideal target customer for this product?
What is John Hancock's Vitality PLUS?
What is the Return of Premium rider?
How does the customer apply for Simple Term with Vitality? How quickly does the customer receive the policy?
Where do I go to quote a premium and access the application?
The JHSimpleTerm.com is a website that provides a premium-quote tool and access to a an electronic application (eApp).
Simple Term with Vitality
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