John Hancock Insurance has launched a policy management solution that will help advisors and clients to meet their intended insurance goals by keeping life insurance policies on track.
LifeTrack will be available free of cost for customers who opt John Hancock’s Protection UL ’15 and Protection UL with Vitality policies.
The solution’s personalized communications systems will help customers by informing them the correct payable amount as insurance policies are often help for long durations during which different factors including interest rates can change.
LifeTrack will also be integrated with John Hancock Vitality solution that was recently launched by the company. This solution allows clients lower their premiums and earn rewards and discounts.
John Hancock Insurance president Michael Doughty said: "LifeTrack allows us to take a much more personalized approach to policy management, giving policyholders the confidence that they will meet their unique goals and objectives.
"And for added peace of mind, policyholders receive an easy to understand LifeTrack Annual Report that summarizes how their policy is tracking relative to their goals."
"Coupled with the John Hancock Vitality Program, LifeTrack can act as a powerful motivator by reminding clients that by taking a few more steps or engaging in other healthy behaviors they will save money on their premiums and live a longer, healthier life."
Customers choosing for the solutions will also have the advantage of Vitality Points that they will receive on the completion of health-related activities like getting an annual health screening, walking or running an extra mile.