A New Insurance Solution for Diabetics

A New Insurance Solution for Diabetics

Diabetes is a killer, the seventh leading cause of death in the United States, and a million and a half people a year are diagnosed with this disease.

More than 30 million people are living with this illness, and half either have no life insurance or are significantly underinsured. Sufferers fear they won’t qualify for a policy, and if by some chance they squeak through, the coverage will be prohibitively expensive. And even people with high quality healthcare don’t always have cutting edge and personalized support. 

Enter John Hancock Aspire – a solution that offers diabetics the protection of life insurance along with a technology-based program that helps manage the disease through coaching, clinical support, education and rewards that incentivize people to take care of their health. Aspire customers also have access to a supercharged version of John Hancock Vitality, which rewards steps people take toward living longer and healthier lives – steps like exercising and maintaining a healthy diet. Members can save 25% on premiums. 

Qualified Aspire customers will also have access to Onduo’s virtual clinic, and they will receive a blood glucose monitoring device. When paired with the Onduo app, it will help users manage their disease. Onduo offers a virtual care team with dieticians, educators and doctors, all of whom specialize in treating and managing diabetes. Customers who use Onduo can earn points to boost their Vitality rewards and lower premiums. 

Brooks Tingle, President and CEO of John Hancock Insurance, says “The life insurance industry hasn’t traditionally served people living with diabetes well, when actually, we’re among the most uniquely positioned to help improve their health outcomes because our customer relationships often last a lifetime. At John Hancock, we believe in helping customers live longer, healthier lives, whether they’re living with a chronic condition like diabetes, or not. When we help customers manage their diabetes by providing virtual care, education, support, incentives and rewards, we’re not only creating value for them, but also for our industry and society as a whole. That’s why we’re thrilled to work with innovative industry leaders, Verily and Onduo, to offer access to people living with diabetes to this first-of-its-kind offering. It’s time our industry started delivering more tailor-made solutions that truly help our customers.”

The company has been helping customers with diabetes for many years, and in 2018 the company approved 88% of applicants with Type 2 diabetes. 

For more on Aspire, please visit:
John Hancock, Verily and Onduo Launch John Hancock Aspire, the First Life Insurance Solution Designed for Americans Living with Diabetes | Yahoo.com

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