Life insurance is about taking care of your family and loved ones should anything happen to you. It’s about peace of mind in the face of uncertainty. If your living with Type I or Type II Diabetes, however, you may wonder if it’s even possible to find an insurer that will take your risk into account without outrageous premiums due to your ailment. In this article, we are going to be discussing a program tailored to your life insurance needs. As it turns out, obtaining affordable life insurance with Diabetes is definitely possible and you can even save on your monthly premiums!
Diabetes is No Longer a Road Block for Life Insurance
Diabetes is considered a chronic illness. In the past, insurers may have viewed diabetics as a higher risk. Technology advancements in both treatment and monitoring have changed the way insurers look at diabetes. As of 2020, over 34 million Americans are diabetic according to the CDC.
Today, people with Type I and Type II Diabetes lead active healthy lifestyles and receive feedback on their insulin levels instantly. The ability to monitor and record their own treatment and lifestyle choices has opened up many exciting possibilities in the life insurance marketplace where diabetics are concerned.
With the ability to share data on how you live, how your medical regimen is going, and the general status of your health, certain insurers now offer programs specifically designed to serve people with Type I and Type II Diabetes. Let’s take a look at a program by John Handcock.
Live a Healthy Lifestyle, Earn a Healthy Premium
At Family Tree of LIfe, we have decades of experience helping people with chronic medical conditions and disabilities find the life insurance coverage they deserve. We gravitate towards cutting-edge products and programs that cater to our unique client base. John Hancock created a program for people with Type I and Type II Diabetes that they call Aspire. It is part of a larger series of healthful lifestyle benefit packages called Vitality.
The beauty of this program is that it is designed specifically for diabetics and offers rewards based on making healthy choices. From 15 – 20% lower premiums to deals on Apple watches and FitBits, the program goal is to foster healthier lifestyles for diabetics while offering outstanding life insurance policies tailored to the financial goals of the client.
How does the Vitality/Aspire Program Work?
People with Type II diabetes are eligible for the Aspire program. They have partnered with Onduo, health technology management company that provides tools to help people manage their illness and track healthy activity. Type I diabetics are not eligible for Aspire, but would be enrolled in Vitality, a program that also rewards people for successfully managing their diabetes and making healthy choices.
At its root, Vitality and Aspire are rewards programs similar to cashback and gift reward programs you are already familiar with from programs in the credit industry. Instead of earning rewards for using your credit card, however, you earn rewards for making thoughtful decisions about diet, exercise and maintaining your diabetes treatment regimen consistently. The concept is based around a Vitality Status metric that increases with the Vitality points you earn from certain choices and activities. These activities can include:
- Purchasing healthy food
- Engaging in online nutrition courses and webinars
- Maintaining a sound night’s sleep regularly
- Exercising daily
- Showing improvements in your HbA1c levels
- And even meditating
Each Vitality Status tier offers its own unique rewards. The program itself is free although members can pay an additional $2.00 dollars/month to enroll in Vitality Plus, which offers greater rewards (including up to 25% off your premium payments).
Vitality Rewards that Make Life (and Life Insurance) Better
The rewards aspect of Vitality is unprecedented in the industry. The incentives to make healthy lifestyle choices definitely have something for everyone. Here are some of the rewards that can be earned by living a better life.
- 15 – 25% off monthly premiums! This is clearly the best incentive available. The 25% premium is only available with Vitality Plus but is definitely worth it.
- Get an Apple Smartwatch for $25 dollars or a FitBit for free. An excellent value that pairs you with technology that can help monitor your level of fitness and encourage you to achieve your goals.
- Free year of Amazon Prime. With free shipping on Amazon purchases and access to thousands of streaming movies and shows, Amazon Prime has cemented itself as a great addition to this package.
- Free HeadSpace app for health tips and meditation practice
- HealthyFood benefit to save up to $100 dollars at the grocery store
- Discounts at Hotels.com to reward your hard work with a little downtime
- And so many more…
This incentive-based program is tailored to improve your life and help guide you towards healthy decisions. The rewards are wonderful, but the overall benefit of putting your health front and center in your daily decision making is priceless.
Ultimately, the Vitality and Aspire Programs are about Supporting Your Health
The real beauty of this offering from John Hancock is that not only does it offer diabetics the chance to save money on their life insurance, but it truly supports their efforts to attain and maintain their health. With deals on wearable technology to help track your fitness goals to coaching and support on managing your diabetes, the Vitality program is designed to help people living with Type I and Type II diabetes to live better physical lives.
Access to a vast amount of digital and human resources lets people make more informed decisions about their treatment and fosters a sense of community when it comes to living with diabetes.
From online courses to virtual coaches, the Vitality and Aspire program aim to help people living with diabetes live longer healthier lives. It is this sort of forward-thinking that Family Tree of Life wants to share with our diabetic clients. Our goals are the same. We want to provide our clients with the best possible policies suited to their unique and changing needs. The Vitality and Aspire programs are an excellent addition to our diverse life insurance portfolio.
Life Insurance is Important for Everyone
Now more than ever, we realize that the peace of mind that life insurance can give us has tremendous value. Everyone deserves a policy that helps their family reach their financial goals despite what the future may hold. Family Tree of Life specializes in providing fantastic options for people with illnesses and disabilities that otherwise might not know the latest products and tools available to them.
Our aim is to help people with Type I and II diabetes make educated decisions concerning their life insurance needs. Nobody should be without peace of mind. Learn more about the Vitality program here and contact us to help set you up with a successful policy.