The most common product when thinking of life insurance is term life. Term life insurance is simply coverage for a set period of time. Most products have level premiums and face amounts ranging from annual renewable term to 30-year term. Term life is the most economical of all life insurance with regard to cost. A twist to term life is Return of Premium term (ROP). ROP is still the same term life but priced higher because premiums may be returned at the end of the level term period income tax-free or the ROP amount may be forgone for a reduced-paid-up death benefit running to age 95.
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Vitality Life Insurance by John Hancock
For the first time, your clients can protect the ones they love and be rewarded for living a healthy life.
Life insurance with the John Hancock Vitality Program can differentiate you in the market, help you grow your business, and offer clients a meaningful and affordable solution that can benefit them throughout their lifetime.
Life insurance with the John Hancock Vitality Program offers significant premium savings and rewards, while helping your clients live a longer, healthier life. It's easy to get started:
1. Accumulate Vitality Points
Clients earn Vitality Points by completing simple everyday activities to stay healthy, like going to the gym, getting annual health screenings, staying tobacco-free, and more!
2. Achieve a Vitality Status
Each year, clients earn a Vitality Status based on the number of Vitality Points they accumulate (Bronze – 0 points, Silver – 3,500 points, Gold – 7,000 points, and Platinum – 10,000 points).
3. Enjoy Savings and Rewards
The higher a client's Vitality Status, the more they can save on premiums and the greater their rewards and discounts.