Simple Term with Vitality
Simple Term with Vitality
- Instant-decision1
- Term durations of 10,15,20,25 or 30 years
- Issue ages: 20 to 60
- Two risk classes: Non-Tobacco and Tobacco
- Face amounts: $25,000 to $500,000
Optional Return of Premium rider offering cash back
Vitality rewards and discounts for healthy living
- Built-in Accelerated Benefit rider for added flexibility
An ROP rider that can pay your clients back
See how the Return of Premium rider can offer your clients premium cash back2.
Client case study:
Simple Term with Vitality
See a client-approved case study of how Simple Term with Vitality can offer your clients financial protection — while also offering a premium cash-back feature and rewards for healthy living.
For you
Submit the online application — takes approximately 5-10 minutes to complete
Receive an instant decision
For your client
Once approved, policy is issued electronically within seconds
Client registers with John Hancock Vitality online and can choose their wearable device.
Client earns Vitality Points and achieves a Vitality status for completing health-related activities like exercising, eating well and getting an annual flu shot
Client earns premium cash back and rewards for the year ahead
How Return of Premium rider works2
Your clients choose a term duration of either 25 or 30 years (with the ROP rider), and pay a level premium throughout the entire term period
The policy earns cash value throughout the policy's life cycle based on the premiums paid
At the end of the term period, up to a maximum of 75% of premiums will be returned
Clients who exit their policy before the end of the level-term period will still be elligible to receive a cash-back benefit, starting in year 4
The policy's death benefit passes to the clients' beneficiaries, generally income tax-free3
- Receive up to 15% in premium cash back for making healthy choices
- Get the latest wearable technology to help your clients achieve their goals
- Take advantage of other member perks to live their best life
Vitality rewards details
After registering for the program and completing the Vitality Health Review (VHR), your clients can order the latest Apple Watch for as little as $25 plus tax. Over the next 24 months, they’ll make small monthly payments based on the number of qualifying workouts completed. If they earn 500 Vitality Points from Standard or Advanced workouts, they’ll pay nothing for that month!
Complimentary Amazon Halo with a free, three-year Halo membership*
Amazon Halo is a health and wellness band and app-based membership. Halo combines science-backed tools with expert-backed guidance to provide a more complete way for your clients to measure, understand and improve their individual health. Halo can help your clients better understand the connections between what they do and how they feel.
Your clients will enjoy a one-year Amazon Prime membership when they reach Platinum status three years in a row. Prime members also get FREE fast shipping for eligible purchases, streaming of movies, TV shows and music, exclusive shopping deals and selection and more.
Your clients will be rewarded for their healthy successes with gift cards, movie tickets and other prizes. The more they accomplish, the more opportunities they’ll have to earn rewards from these and other leading retailers.
*Complimentary Fitbit® device, plus discounts on other wearable devices
*Or your clients can choose a complimentary Fitbit® device, plus discounts of 25%-40% on other wearable devices
HealthyMind™ benefit
Your clients will be rewarded for taking the 30-day sleep challenge and meditating as little as 10 minutes a day. They also get a free subscription to Headspace, a top-rated meditation app with millions of users in more than 190 countries.4
Your clients can earn a 15% discount on electronic gift cards from Vitality to purchase outdoor gear at REI. From backpacking to cycling to staying in shape, REI has the equipment your clients need to take their training to the next level.5
Your clients can earn discounts of up to 25% at more than 350,000 eligible properties around the world with Hotels.com. And the higher their Vitality Status, the more they can save.
HealthyFood™ benefit
Smart healthy food choices can save your clients up to $600 a year (or $50 a month) on fresh produce at participating grocers. They can also get access to helpful nutrition tips and the Tufts Health & Nutrition Letter.
Your clients’ can monitor their health with a free screening and personalized report from Quest Diagnostics® in their first policy year. They can visit one of 2,200 patient service centers nationwide. We’ll automatically record their results, allowing them to earn even more Vitality Points.
Ready to get started?
1. Policy issuance is not guaranteed as any life insurance purchase is subject to completion of an application and underwriting approval. John Hancock may conduct a post-issue quality review to verify information received within the application is accurate. A contract may be rescinded if post-issue information reveals a material misrepresentation.
2. The Return of Premium (ROP) rider allows for a return of a portion of the premiums at the end of the level-term period, or earlier if the policy is terminated prior to that point. The ROP benefit will generally begin by year four, and the percentage of premiums available to be returned increases gradually over the term duration to a maximum of 75% at the end of the level-term period. The ROP rider is available only for 25- and 30-year term durations. There is an additional cost for this rider.
3. Life insurance death benefit proceeds are generally excludable from the beneficiary’s gross income for income tax purposes. There are few exceptions such as when a life insurance policy has been transferred for valuable consideration. Comments on taxation are based on John Hancock’s understanding of current tax law, which is subject to change. No legal, tax or accounting advice can be given by John Hancock, its agents, employees or licensed agents. Prospective purchasers should consult their professional tax advisor for details.
4. Based on internal data from Headspace.com, About Us, accessed from: https://www.headspace.com/about-us.
5. REI is not affiliated with the John Hancock Vitality Program. REI does not sponsor, endorse or have any responsibility for this promotion.
The complimentary Amazon Halo device and three-year Halo membership are only available to new Vitality PLUS Members and are not available with policies issued in New York, Puerto Rico and Guam. Amazon Halo allows Vitality members to earn Vitality Points for physical activity, Halo Sleep and Halo Labs. The Amazon Halo health and wellness membership is required in order to earn Vitality Points for Halo Sleep and the full suite of Halo Labs. Other features of Halo are not eligible for Vitality Points with the Vitality Program. The Amazon Halo health and wellness membership is complimentary from Amazon for the first three years, after which charges will apply automatically to the credit card on file with Amazon.com unless the membership is opted out of. Amazon and all related marks are trademarks of Amazon.com, Inc. or its affiliates.
MLI011521911-2
© 2021 John Hancock Life Insurance Company (USA). All rights reserved.
For Agent use only. This material may not be used with the public. Insurance policies and/or associated riders and features may not be available in all states.
Some riders may have additional fees and expenses associated with them.
Products or services offered under the Vitality Program are not insurance and are subject to change. There may be additional costs associated with these products or services and there are additional requirements associated with participation in the program. For more information, please contact the company at JohnHancockInsurance.com or via telephone at 888-333-2659.
Premium refunds for Simple Term with Vitality is based on factors like underwriting, the terms of the policy, and the level of the insured's participation in the John Hancock Vitality Program.
Rewards and discounts are subject to change and are not guaranteed to remain the same fo the the life of the policy.
Vitality is the provider of the John Hancock Vitality Program in connection with policies issued by John Hancock.
John Hancock Vitality Program rewards and discounts are available only to the person insured under the eligible life insurance policy.
HealthyFood savings are based on qualifying purchases and may vary base don the terms of the John Hancock Vitality Program The HealthyFood program is currently not available in Guam.
Apple Watch program is not available in New York or Puerto Rico. Apple Watches ordered through John Hancock Vitality may not be shipped to addresses in Guam. Once you become a Vitality PLUS member and complete the Vitality Health Review (VHR), you can order Apple Watch by electronically signing, at checkout, a Retail Installment Agreement with the Vitality Group, for the retail price of the watch. After an initial payment of $25 plus tax, over the next two years, monthly out-of-pocket payments are based on the number of Standard Workouts (10,000 to 14,999 steps) and Advanced Workouts (15,000 steps) or the applicable Active Calorie thresholds. The step counts required for Standard and Advanced Workouts are reduced for members beginning at age 71+. One-time upgrade fees plus taxes apply if you choose (GPS + Cellular) versions of Apple Watch, larger watch case sizes, and certain bands and case materials. For more information, please visit JohnHancockInsurance.com. Apple is not a participant in or sponsor of this promotion. Apple Watch is a registered trademark of Apple Inc. All rights reserved.
Insurance products issued by: John Hancock Life Insurance Company (U.S.A.), Boston, MA 02116.