It’s not often that life insurance companies reward people with diabetes! In fact, until now most life insurers go out of their way to punish diabetics.
John Hancock has just introduced the Aspire life insurance program for diabetes.
Aspire Diabetes Overview
- What is the Aspire program?
- How does Aspire work?
- Aspire Life Insurance Details
- Aspire Life Insurance Underwriting
What is the Aspire program?
John Hancock Aspire with Vitality program rewards people with type 2 diabetes by offering potential life insurance savings to people for their healthy lifestyle choices.
Working with Onduo, (a virtual program for type 2 diabetes management), John Hancock will pay for the Onduo service if you meet the guidelines that John Hancock and Onduo have established.
How does Aspire work?
The guidelines for Aspire will be released when this program officially launches on November 18th, but here’s what we know so far:
You will earn points for using the Onduo system, and if you earn at least 900 points per year and meet the policy size/type requirements of John Hancock, then John Hancock will pay for the Onduo service.
As part of the Onduo service, you will receive a connected blood glucose meter, an A1c test kit, lancets, and glucose test strips.
In addition, you receive access to the Onduo app which monitors your diabetes control, tracks your progress and delivers insight to you that you may then share with your physician.
Aspire Life Insurance Details
To be eligible for the Aspire life insurance, the following guidelines must be met.
Aspire Term Life Insurance:
Policy Size – $500,000 – $1,999,999 – John Hancock will pay the first year only of the Onduo membership provided you meet the 900 point requirement. You will be responsible for all future membership years.
Policy Size – $2,000,000 or Greater – John Hancock will pay the Onduo cost for all years that you meet the 900 point requirement.
Aspire Permanent Life Insurance:
Policy Size Less Than $250,000 – John Hancock pays the first year only if you meet the 900 point requirement. You pay for all future membership years.
Policy Size Greater Than $250,000 – Assuming you meet the 900 point requirement each year, John Hancock will pay the Onduo cost each year.
If you have to pay the Onduo price yourself, that price may be in the $250-$750 range according to John Hancock’s press release.
Aspire Life Insurance Underwriting
If you decide that Aspire is for you, here’s what you’ll need to do:
- Choose the John Hancock product that’s right for you and select Aspire.
- Register for John Hancock’s Vitality program.
- Sign up for Onduo’s diabetes management program.
- Use the tools from Vitality and Onduo to earn points and save on your premiums.
We’ll guide you through the process once full details become available.
There are certain health conditions that make you ineligible for the Onduo service. If you have any of the following, this program is not available:
- Currently Pregnant
- Liver Failure
- Stage 4 or 5 Renal Failure
- Congestive Heart Failure (Grade “C” or “D”)
- Organ Transplant Recipients
- Bone Marrow Recipients
- Cystic Fibrosis
- Cancer History
There may be other health issues that disqualify you from the process.
Aspire Life Insurance Conclusion
We will continue to update this article as additional details become available.
This program by John Hancock has the potential to be a game-changer in the life insurance industry. by providing additional rewards to people with type 2 diabetes.
There are no other life insurance companies available that may actually reward type 2 diabetes.