You gotta take care of yourself, an' get your life insured
, an' take out an accident policy, an' join a buildin' an' loan society, an' a buryin' association--"
The well-rounded plan is designed to provide extra protection to the life insureds parents and children.
Continuous care protection: After the first claim of any major critical illness, offer the life insured additional coverage for two diagnoses of cancer, heart attack/ stroke and independent major critical illnesses (total 600% additional protection).
A great example is John Hancock Insurance's emerging premium discount program offered to term and universal life insureds
in exchange for allowing the company to track the insureds' healthy habits with a swipe of a gym card or a smartphone app.
The company's group life insureds
typically enter their accounts with a personal user ID and password or a secure single sign on from their employers' sites.
Under a new program, called Health Measure Reward, the company aims to reward life insureds
for maintaining a good weight for 20 years after policy issue.