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Simple Term with Vitality Highlights
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 rewards for healthy living through the John Hancock Vitality Program. • Simple Term with Vitality offers exceptional value, with a focus on providing a consumer-friendly experience Who is the ideal target customer for this product? 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. What is John Hancock Vitality PLUS? At John Hancock, we believe life insurance should help people live longer, healthier lives. That’s why we introduced John Hancock Vitality, an innovative life insurance solution that rewards people for their everyday healthy activities and choices. John Hancock Vitality PLUS is automatically included with your clients' life insurance policy — they simply need to register at JohnHancockVitality.com/activate and complete a brief online questionnaire to start earning points and rewards.
What is the Return of Premium rider? Clients who choose the optional ROP rider can receive cash back of up to 100% of premiums paid by the end of their 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, the rider allows them to receive a portion of the cash back benefit. How does the customer apply for Simple Term with Vitality? You (as the agent) 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. How quickly does the customer receive the policy? 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 customer will receive instructions via email on where to download 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 an electronic application (eApp). How does the Vitality PLUS cash-back reward work? 6 Your clients can earn premium cash back for healthy living. The total cash-back amount is based upon the achieved Vitality Status of the life insured, as shown below: • Bronze: 0%
The Return of Premium rider
John Hancock Vitality PLUS
Get rewarded with Vitality
Case study with Vitality PLUS
Specifications
• Silver: 5% • Gold: 10% • Platinum: 15%
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